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

To: Golden Domer who wrote (8507)	2/2/1999 7:35:00 PM
From: VisionsOfSugarplums	Read Replies (1) \| Respond to of 37507

Standard 2 would be tight but a possible. I get roughly $10 million net tangible at Q3 plus the special warrant financing of $10 million equals $20 million. EDIT: Special Warrant financing consisted of shares and share purchase warrants. The shares are now tradeable since the final receipt was received, the share purchase warrants are until a US registration has started or until Dec 31/99

To: Golden Domer who wrote (8507)	2/2/1999 8:23:00 PM
From: VisionsOfSugarplums	Respond to of 37507

Sorry, Golden Domer! I know you said one last thing. I just had to comment on the 30 day thing too. I think you're right because Nasdaq uses market makers and isn't a specialist market. Therefore, the minimum bid price would be defined by the market makers at the start. It would be the three or four market makers participating in this stock (Nasdaq listing requirements) that would have to be comfortable with the minimum bid price, would it not? The minimum bid wouldn't be defined by trading on the TSE, only inasmuch as it makes the mm's comfortable and qualitative for Nasdaq?

To: Golden Domer who wrote (8507)	2/3/1999 8:40:00 AM
From: Sili Investor	Read Replies (1) \| Respond to of 37507

>>>It appears that BII currently can only use alternative 3 to get listed on NASDAQ National Market <<< I would agree Alternative 3 seems to be the most likely way of inclusion. However, just for a twist, Alternative 4 could also be exercised. That is, the Warrants themselves, could be used as a vehicle to list. Of special note, notice how the phrase is worded: Warrants to purchase designated securities may be designated if the warrants substantially meet the above criteria; provided, however, that they shall not be required to meet the criteria set forth in paragraph (a)(2) if immediately after the distribution, there are at least 450,000 warrants outstanding. It has been said here before, under these conditions, it is plausible that the share price does not have to be exactly $5. Given the word substantially in that clause, it is more likely that the key is BII finding the Market Makers. Once the Market Makers are on baord, I think its listed!