2007-11-04 15:05:22 · 2 answers · asked by gododjgjodjod 1 in Business & Finance ➔ Investing
My simple suggestion..... run away a fast as you can.
If you're new to investing & are looking at penny stocks.... you're looking for major dissapointment.
2007-11-04 15:19:01 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
Buying stock in this company may be a good way to get a capital loss on your next tax return. It recently underwent a 50 for 1 reverse split. Pinksheets lists it as a Gray Market stock which is one step below No Information. This means, quote:
There are no market makers in this security. It is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
2007-11-04 23:27:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋