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

To: Steelguy who wrote (8918)	2/5/1999 10:54:00 PM
From: Sili Investor	Read Replies (1) \| Respond to of 37507

Yorkton has been involved in financing over 20M shares in the past year or so. Given this situation, it is not unusual for them to be selling into the market given the current share price. So, even if Yorkton was net short 10M shares in the past 3 months, where are the other 10M shares? I still don't think Yorkton is actually short, they are just doing what they have been told by those that Yorkton had involved in the warrants. Remember, Yorkton by itself did not come up with the financing money, they had institutions and large clients involved. As these clients get nervous, sure they will lock in some profits by selling, but we really haven't seen Yorkton dumping 20M shares, have we?

To: Steelguy who wrote (8918)	2/5/1999 10:54:00 PM
From: NTT	Read Replies (1) \| Respond to of 37507

>>> financings to allow for a Nasdaq listing if I recall correctly. I would have to say that IF BII were VERY close to a Nasdaq listing, you would not see Yorkton short this much paper. They will be in the know a lot sooner than us as you are well aware and they would not get caught offside. This is my opinion only. <<< I agree with you 100%. That's why I couldn't explain their behaviour. However Sili Investor has pointed out that they actually have 14M warrants, and not the 5.7M that I had thought. If this is the case, then they are simply exercising those right now and making a huge killing in the process ;-) I also agree that short interest is a bullish sign on the stock. Especially when the stock can move as high as this one has given the amount of shares being dumped. My feeling is that once this dumping finishes (end of this month?) then the stock should start moving steadily upwards on its own.