Yes, that would be right. You are the 1st bidder on this reserve auction with an opening of 99 cents. You only bid $5. & did not meet the sellers reserve price but your bid counts & will stay at 99 cents untill someone else bids. If they bid say $2, then they are out bid & you are still the high bidder at $2. reserve not met. If they bid $10., they you are outbid & they will be the high bidder at $5.01 me thinks, could be a few cents more depending on the auction increment. Only the seller knows what the reserve is & it won't sell unless the reserve is met, could be $100-$200. more or less.