Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: limit who wrote (10007)	2/17/1999 4:52:00 PM
From: TFF	Respond to of 37507

limit:I traded BII on the intial run. Bought back today on AOL + EBAY news/rumors.

To: limit who wrote (10007)	2/17/1999 4:55:00 PM
From: waldo	Respond to of 37507

Bid.Com aims to raise profile by seeking Nasdaq listing Expects 'substantially greater exposure' on high-tech U.S. exchange Wednesday, February 17, 1999 MARK EVANS Technology Reporter Bid.Com International Inc. is jumping on the high-tech bandwagon by filing an application to list its shares on the Nasdaq Stock Market. The Toronto-based on-line auction house said yesterday that it expects to start trading on Nasdaq in the next 45 to 60 days. However, Bid.Com doesn't plan to use the listing to raise money through a secondary stock offering -- an option often pursued by many other companies. Jeff Lymburner, president of Bid.Com, said the company has enough cash to run its operations, after raising $10-million through a special warrants offering in November. He said more important than raising money is raising Bid.Com's profile by listing on Nasdaq, which is also home to high-tech giants such as Intel Corp. and Microsoft Corp. "There's not much doubt it will give us substantially greater exposure and presence among U.S. investors," he said. "That, combined with the fact Nasdaq has been viewed as the home to high-technology and Internet stocks, makes it the place for us to have the largest possible audience." Aside from offering more exposure, Nasdaq is attractive to Canadian companies because it makes it easier for U.S. investors to purchase stock, and there's the view that technology companies receive higher stock valuations in the United States. In the past couple of months, Canadian companies such as Research in Motion Ltd. and Descartes Systems Group Inc., both of Waterloo, Ont., and Smartire Systems Inc. of Richmond, B.C., have listed on Nasdaq. Mr. Lymburner said Bid.Com hopes to grow by opening an office in Dublin in the next three months and expanding the range of products that can be purchased on its World Wide Web site beyond computers and consumer electronics. The company, he said, is comfortable with the $50-million revenue target expected by analysts this year, while Bid.Com also hopes to be cash flow positive in 1999. Bid.Com shares, which are among the most actively traded on the Toronto Stock Exchange, have climbed more than 80 per cent so far in 1999, to $6.65. It closed yesterday at $6.60, up 15 cents on the day, giving it a market capitalization of $138.75-million. W