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

To: Tiger USA who wrote (11284)	3/10/1999 8:35:00 PM
From: mccowaner	Respond to of 37507

Tiger.... That is the problem ... I used the shares outstanding numbers simply because I did not have any float numbers and have no idea how to get them, other than contacting the company. I cannot recall seeing any float information in company research when I check on a stock. I used shares outstanding thinking about 20% less to account for insiders, etc. In the case of EBAY that may be more due to the 3 for 1 split. BII has good volume figures compared to the others though, considering it is only for the TSE market. Perhaps I'm not getting it, but I don't worry about the float for BII.

To: Tiger USA who wrote (11284)	3/10/1999 8:39:00 PM
From: Sili Investor	Respond to of 37507

John, I am also going from memory but I have posted on this in the past. The actual trading float, the circulating stuff that could get traded on any given day, is less that 25M and most likely less than 20M. Although management has only around 10% of shares, AOL has shares, Rogers has shares and the current warrants are restricted from trading as mentioned in the 20-F filing. This leads me to believe that not more than 25M can actually trade although as a betting man I would say les than 20M in reality. Now, when you consider that most of us holding are long (atleast until the NasDAQ) then the number is less than 10M. The question will be how many sell as soon as it hits the NASDAQ? If everyone is holding, waiting for the big rise, it may happen. If everyone starts to sell at whatever the NASDAQ is offering, then it will be lucky to double, although a double in my books is still good trading. Just my thoughts.