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

To: Ditchdigger who wrote (4157)	1/3/1999 10:49:00 AM
From: donkeyman	Respond to of 37507

Can someone explain BID.CON's connection to AOL.??

To: Ditchdigger who wrote (4157)	1/3/1999 11:37:00 AM
From: waldo	Read Replies (2) \| Respond to of 37507

On Yorkton: I have dealt with Yorkton, as an investor, on and off (off right now) since the early 80's. Some of the older Vancouver (Juistra), and Calgary (Brimmacombe) stories may have hurt Yorkton Toronto. Indeed, Toronto is a completely different place to do business, not just for Yorkton, but for all firms who deal with institutional investors. In the past, I used to blame the Toronto brokerages for all the machinations, and market volatility in the deals that I invested in. It took many trips to Bay Street, and dinner conversations at places like Hy's and the Canoe Club to find out what really goes on. Sit down with a fund manager over a bottle of scotch sometime...it's quite the education. This next piece is from my Update Archives dated December 13th: >>I would like to address the rest of this update to the last 30 days of trading, rotation of shareholders, and the misconceptions about Yorkton Securities involvement. A great deal of time went into finding definitive answers into many of the fallacious assumptions perceived by so many. This is what I have found: - 109,863,253 million shares have traded since Nov.13th - 32,848,450 million shares are in the float - Yorkton have bought around 7.1 million shares since Nov.13 - Yorkton have sold around 13.3 million shares in the same period - Yorkton have many institutional clients in Canada, US and Europe - Yorkton have placed 20 million shares at around $1.50 - These placed shares never show up as a buy, only as a sell - The majority of these shares have been placed with well known Canadian funds - The majority of these funds have sold part of these shares through Yorkton - Canadian and US funds represent over 30% of the float - There are at least 7 to 10 Cdn. funds involved - There are at least 3 to 5 US funds involved - US funds have accumulated several million shares in the open market - Canadian funds are performance driven on a daily basis - US funds tend to hold positions longer - 50 to 60 percent of all volume is done by day traders - 12 houses have a net long position of around 10 million shares since Nov.13th The Last Financing: Canadian funds will rarely purchase issues with holding periods longer than 100 days. The last issue will become free trading sometime in January. You have to include the number of warrants outstanding in the fully diluted number if the exercise price is below the current price of the stock. The company however, gets additional cash when the warrants are exercised. BII is debt free and has a substantial amount of cash. I am waiting for the exact breakdown of US shares held in the New York depository. I anticipate this figure to be quite large.<< Those figures are now in from the transfer agent: Shareholder Breakdown: (Dec. 22) Canada...31,294,469 USA.......4,595,916 Others....139,625 Totals.....36,030,010 Waldo

To: Ditchdigger who wrote (4157)	1/3/1999 3:16:00 PM
From: Rich Investor	Read Replies (1) \| Respond to of 37507

In response to zwingers call for price predictions under a NASDAQ scenario, my estimation would be around US$50.00. There you have it, now everybody knows how long I am and that I'm still upbeat about BII. Ditchdigger, Although AOL's inclusion in the Standard and Poor's 500 may bode well for internet stocks over the longer term, I sincerely doubt it will have enough of an impact to head off the selling that will begin this week. The desire to harvest profits and strike while they're hot is going to be the foremost consideration in the minds of many investors come Monday and it seems many others on this thread also expect this kind of scenario to unfold before January 15. BII will suffer in the interim, so if nothing else, this is an excellent buying opportunity for those wishing to reposition themselves/add to existing holdings/or get in on the action for the first time!