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

To: Crazy Canuck who wrote (7991)	1/30/1999 11:05:00 AM
From: Sili Investor	Read Replies (4) \| Respond to of 37507

Crazy, Denise and everyone else interested in the circumstances regarding a NASDAQ listing: I posted a while ago about the requirements, basically $7.50 average price (although nowhere can we see a 30 day clause) and 3 Market Makers (MM). These requirements are based on a Canadian company listing on the NASDAQ - it also means that the shares that are traded in Toronto (our shares) have all the same rights as those on the NASDAQ. Now, as for IPOs or additional financing, here's my take: An IPO cannot happen. An IPO is an initial public offering thereby suggesting that BII is not already public. That just isn't so as we've all bought shares! Now, there has been some discussion about whether BID.COM could create a new company and list that on NASDAQ under an IPO. Come on people, get a grip! If they did that, they could not meet the requirements of an IPO! In other words, the IPO scenario ain't gonna happen. Now, BII has two choices. It can apply for listing on NASDAQ and when, and if, accepted all shares presently traded in Toronto could be traded on the NASDAQ. The purpose of such a listing is to allow Americans the easy access of trading BII. The second option is to undergo a small financing with a number (my guess is 3) investment houses in the U.S. Remember, one of the requirements for listing is to have 3 Market makers. How do they convince the market makers to come on board? Well, through a financing, Sili! This allows the market makers to make money on the new shares as they go up in price to offset the risk of being a market maker in a volatile stock such as BII. Now, my guess is that the financing will be priced at $5 U.S. Alot of you will say that is low, but remember, the market makers have to make money. So, at the same time as the NASDAQ announcement, BII will announce a financing. The financing will be at $5 U.S. which will be close to the then traded price of BII on the TSE. After the announcement, the share price will rise - making BII happy, the market makers happy (they will probably be holding 10M shars @ $5), and US happy. It's a win, win, win! My last thought, I wish I was a market maker! That's where the moeny is right now! Imagine 10M shares @ $5, with a soon to be price of $?? Sorry for such a long response, but that's the truth and nothing but the truth.