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

To: LABMAN who wrote (2468)	11/30/1998 4:22:00 PM
From: waldo	Read Replies (1) \| Respond to of 37507

>>Waldo bid com has a press release out today, something about a press conference tommorrow, what is that about.<< News to me...will look W

To: LABMAN who wrote (2468)	11/30/1998 11:26:00 PM
From: Fass99	Respond to of 37507

The press conference is just typical Yorkton-developed crap. And what timing! Just when the stock was threatening to fall under $4.50. It'll be a "major deal" that is anything but. They're promising reporters that show up a tour of the bid.com facilities in addition. If the red flag was any brighter, it'd be blood. Seems I got a lot of response to what I said earlier. To summarize an answer: (1) Having Rogers involved is hardly what I call a plus. Rogers is a BRUTAL cable operator and a company neck-high in debt. If there is any company that can screw up an investment, it's Rogers. In fact, I'd be pessimistic about that company surviving in three years. I figure AT&T will just let Teddy play around, continue to ruin the whole thing, then scoop the whole thing up at a fire sale price. (2) Having AOL involved? Neither here nor there. AOL wasn't exactly a great investor for quite a while. And they can 180 with the best of them. I seem to recall a little while back a lot of people cooing when they went to bed with Microsoft. My guess is that once AOL figures out what a joke Yorkton is, they'll bail. (3) Somebody (probably Waldo) referred to so many people making "400 percent". Oh please! The only people making that were people who suffered from the Internetliquidators days and woke up to find that the stock they left for dead for over a year came alive. (4) The idea of "Nasdaq approaching bid.com" can only be taken at maximum as an absolute joke. Nasdaq has absorbed the AMEX and Philadelphia exchanges and trades more than a billion shares a day. You think they give two hoots about some tiny armpit-hair operation in Etobicoke? The only people who might care are a bunch of brokerages houses in the U.S. scrambling to find Internet-related IPO targets so their underwriting departments can salvage the year. The bid.com situation is a dead ringer for what happened with Lion's Gate - sell tons of warrants just around the time of a coincidental fire up in the share price, followed by a collapse and lots of talk about "working hard to list on an American exchange". 3-4 months down the road, count on a couple of things: (1) Some form of stock consolidation to slip through when just everybody washes their hands of it. (2) Some sneak-through vote that allows officers of the company reduced option-exercise prices. The last short report listed about 250,000 shares being sold short. That was before the big run up. I would anticipate that the number has tripled at the minimum - proof that all the smart investors haven't fled to New York yet.