Hello Mad Moose: Without disclosing the Investment Firm or the stock ticker, I asked a friend of mine who spent many years working in an investment company, the following. Would a modest investment company that kept a decent size of major players, and even many smaller public companies bother with penny stocks? He told me that many investment companies have staff that works the $5.00 to sub-penny market, looking for stocks to get in a out of quickly. He also said that investment companies that choose to purchase any stock no matter what it's value or quantity, even if it's a hundred shares, needs to set up the proper chain of records to do so. He said it makes it easier for them to buy and sell the stock later if they want, and it also proves that the stock purchase can go through and is not restricted. He said that it's not that unusual for a little bird to have knowledge of a shell rebirth by a company that just might have some legs. Also, there are penny stocks who have the luck of securing a Patent or Copyright that might be sell-able, or attract a takeover of the shell. Or maybe it's actually a company with vision. He hardly thinks this small position is stupid a mistake! Well that's it...it's just my take from the conversation with him and not a fact. Does it sound feasible?
