T.BSP $13.50 Pre Bid!!!I checked on Micromax and the pre bid this morning was $13.50. I'm going to try to get in between $12-13.50 depending with happens with the opening bids. If it hangs on to $13.50 I will have to adjust mt entry point.
The potential here is huge...with formal news of an Ironside IPO we can see great gains through the $20's ...if the IPO is successful like others..we can see BSP trading much higher then that.
FYI I have posted an article fron CP that gives you an idea of how well an IRONSIDE IPO can do...remember BSP only has 11.5 million out and sales already in the $600 million range.
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I think a major reason for the recent run up is BST and its investment in ironside. I think an IPO
will be announced very shortly ...just to give you an idea of what to expect and why BSP could be
worth atleast triple what it closed at today. I am posting an excerpt from an article that was
distributed by CP Press today:
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RISING STOCK MAKES CANADIAN $720 MILLION IN A SINGLE DAY
vancouver - The latest hot dot-com stock has made a near billionaire out of a 28 year old from
Moose Jaw, Sask, after the value of his shares soaring $720 million Cd inone day.
Glenn Ballman is founder, president and chief executive of Seattle based Oniva.com Inc., an
online shopping mall for businesses.
He saw his 13.5% stake in the company jump in value to $944 million yesterday after its first day
of trading on the Nasdaq Stock Market.
Yesterday, the shares in the company nearly tripled from their opening price, closing at $61.50
US, which valued the company at $4.9 billion.
Mr. Ballman told MSNBC that small businesses are set to embrace the internet as a tool (B2B)
that can bring them deals once available only to large corporations, creating a market worth $107
billion this decade.
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What percentage does BSP hold of Ironside? Its in the same type of business as oniva.
Ironside will have an IPO very soon and as you can see multibillion dollar market capital is not out
of the question. BSP with only 11.5 million shares out is going to move big time with an ironside
IPO.