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: Ruyi who wrote (16343)	4/3/1999 8:39:00 PM
From: Tiger USA	Respond to of 37507

Doug, IMO, BID.COM needed the funds in December (for operations and probably the Shop Naked campaign). But (and I can be corrected) the company did not have the investor status that it has now. Therefore, I feel, in order to get the quantity of $$ it needed, it gave these investors a good price. There was no way management could speculate or bet on the stock price going up. Do you get a new car loan and base your ability to pay on the possibility you might get a raise at work? Its hard to see the future. If they were to do this now, I think the terms would be a lot different. John

To: Ruyi who wrote (16343)	4/3/1999 8:53:00 PM
From: Thomas Kirwin	Read Replies (2) \| Respond to of 37507

BII Has Cash! Dagan, Now that is a revelation coming from you! >>I'm not referring to insider selling , rather why the company sold 75 % of outstanding stock as recently as DEC.98 (10 mill.)for $1.50 share. The proceeds from the last 12 mill. sold still in the bank as of MAR.<< The pricing of the stock or warrants was determined by the market. There was no miscalculation! Regards, Tom

To: Ruyi who wrote (16343)	4/3/1999 8:56:00 PM
From: donkeyman	Respond to of 37507

Dagan, and what would be any different from BID.COM than the rest of the Internet auction Companies.??????

To: Ruyi who wrote (16343)	4/3/1999 9:31:00 PM
From: the Chief	Respond to of 37507

Are you are referring to the PP that was done, to pay off exisiting debts and expand into other countries? When you are a publicly traded company, and need money, you issue paper at whatever price the market will pay for it. At that time thats what the market would pay. I suppose you could go back further in BII history that they also sold shares for .25c but this is irrelevant to the exisiting shareprice. When a company needs money they can't "hope" the market will finally recognize them and hold off on a PP that affects the business plan. Did they sell too cheap or are people currently paying too much ? There is no connection between the two and they are two seperate issues. The market is willing to pay $14.00 for BII now in part because of further recognition and the premium that all Inuts are enjoying. I think the latter, Godin himself recently sold stock in the $6.00 level. I don't think he / they miscalculated just never thought some false buy out rumor would surface and temporarily over price the stock.. CEO's, CFO,s etc sell stock during the course of the year for various reasons, Cowpland of Corel for "debateable reasons"! But your leap to connecting a sale of BII shares at $6.00 because of some "forward undestanding" of the shareprice does not hold water in the mareketplace. Bill Gates has sold millions of shares at prices 1/5, 1/10th etc. of what they are today..was it because he understod the marketplace or was it because he wanted to sell some shares? the Chief