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: Cameron who wrote (26923)	4/27/1999 1:02:00 PM
From: Wiselight	Read Replies (5) \| Respond to of 37507

Just in case some of you did not see this yet: NP says Yorkton defends Bid.Com report Bid.Com International Inc BII Shares issued 38,963,434 1999-04-26 close $24.5 Tuesday Apr 27 1999 The National Post reports in its Tuesday, April 27, edition that Yorkton Securities chief executive officer Scott Paterson says his firm should be credited with having the guts to suggest a company it had underwritten had an overvalued share price. The National Post's Garry Marr writes that instead, Yorkton came under heavy criticism from investors, upset that Yorkton analyst Mark Pavan had issued a five-page morning comment last Wednesday saying Bid.Com International had a relative value of $2 to $3 compared with other on-line auction stocks. Mr. Pavan's comment helped drop the stock to $8.50, but yesterday it had skyrocketed to close at $24.50. Mr. Paterson says, "In our business it is very, very rare that a dealer has the courage to recommend a sale on one of its underwriting clients." Mr. Paterson says he is meeting Paul Godin, CEO of Bid.Com, for dinner this week to ensure the relationship with the on-line auction company has not been damaged. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com