Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: NorthWolf who wrote (584)	7/27/1998 9:43:00 AM
From: John BOYCE	Read Replies (1) \| Respond to of 37507

North Wolf "beef" is in revenues,up 300% 2nd Q to 5.6 million. Annual revenues projected to be $30 million. They have 20,000 hits each day at their site, so to me, the potential here is great. Raising money is nothing to be shocked of and it is a lot easier when the investment community sees potential in a company. Stay on for the ride, the downside risk IMO is minor compared to the potential for upward movement. Good luck John B.

To: NorthWolf who wrote (584)	7/28/1998 9:16:00 AM
From: Steve2	Read Replies (1) \| Respond to of 37507

Here's the financing deal (Note stock is currently halted for this release of news) Bid.Com International Inc - Special warrant financing Bid.Com International Inc BII Shares issued 21,023,000 1998-07-27 close $1.6 Tuesday Jul 28 1998 Mr. Paul Godin reports BID.COM International has entered into a bought deal agreement with Yorkton Securities in connection with the issue and sale of 8,100,000 special warrants by the company and 500,000 special warrants by management of the company. The special warrants will be issued and sold at $1.40 for total gross proceeds to the company of $11,340,000 and to the selling shareholders of $700,000. The transaction is subject to regulatory and shareholder approval and is scheduled to close on or about Aug. 4, 1998. Subject to adjustment in some events, each special warrant will entitle the holder to acquire, for no additional consideration, one unit consisting of one share and one-half warrant of the company. Each warrant will be exercisable to acquire one share at $1.65 for a period ending on the date which is the earlier of 10 days after the filing of a registration statement or preliminary prospectus for a U.S. public offering and 12 months following the closing date. In the event that BID.COM fails to obtain receipts for a final prospectus qualifying the distribution of the securities underlying the special warrants from applicable securities regulators prior to some prescribed deadlines, each special warrant will be exercisable to acquire 1.07 units (in lieu of one unit). BID.COM intends to use the net proceeds for advertising and marketing, business to business development, research and development and working capital. The special warrants may not be sold in the United States. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com