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: the Chief who wrote (2148)	11/28/1998 8:46:00 PM
From: Ruyi	Read Replies (3) \| Respond to of 37507

To get on NASDAQ national board they need a $50 mill.U.S. market cap.and a min. 1.1 mill. public share float ($15 mill.U.S. value of public float) and $5.00 U.S bid effective MAR.98. With 32 mill.shares outstanding plus warrants all they have to do is consolidate 1 for 2 or 1 for 3 and they qualify, if they can complete a satisfactory 3 year audit.My understanding is that insiders hold less than 12% of the company unlike their U.S. counterparts who generally hold a majority of outstanding stock in these types of companies.A comparison of this stock was made in last weeks newspapers and apparently compared to U.S. like companies they have a large # of shares outstanding,they were also relatively valued to their US counterparts at $3.50 CAN.in the same articles. With options /warrants didn't Yorkton get something like 6 to 8 mill. shares.This looks like a typical pump and dump,we shall see.Two months ago it was SmartTire,pump to $20.00 now around $5.00.