These sub-penny, penny stocks get to some vanishingly small share prices. When does the exchange or the market makers give it up and halt trading. Who finally pulls the plug?
2006-09-30 06:12:33 · 3 answers · asked by KaseyMoe 3 in Business & Finance ➔ Investing
Yes, of course zero. I meant and should have said: "How low this side of bankruptcy, delisting and worthless can a stock go before it's kaput?"
Sorry, didn't make that clear - I do wonder how many decimal places are allowed by the trading system. Seems like 0.0004 is getting awfully close to the limit.
The issue in question is IPKL but there are others - lots.
2006-09-30 09:46:25 · update #1
80 % of "penny stocks" go to $0.0000 within 5 years.
2006-09-30 10:35:05 · answer #1 · answered by WikiJo 6 · 0⤊ 0⤋
Zero. Bankruptcy. The stock is decommisioned and new stock is issued, the old stock becomes worthless.
2006-09-30 09:34:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
sounds like an experiment you have going there....lol
I still have one too...I bought 20K shares of one at .03 cents and it's at .005
so I need a 600% increase to get even or lose another $90 to sell it and pay the trading fee.
my experiment.
2006-09-30 15:29:22 · answer #3 · answered by -* 4 · 0⤊ 0⤋