Dallas & ALL. Check the Education section at
www.internetplays.com
Short Intro to Pennies. Has a Hot Chat system too.
The third major component of the OTC market is the National Quotation Bureau's (NQB) service, commonly referred to as the "pink sheets." The NQB's securities lists and price information, printed on pads of long, narrow sheets of pink paper, have, for all practical purposes, no meaningful listing standards, and price information is sometimes difficult, if not impossible, for the small investor to obtain. Broker-dealers obtain their price information by calling the trading desks of three "market makers." Obviously, small investors do not have access to those traders and must rely on their stockbroker for accurate price information.
What are penny stocks?
There is no set, accepted definition of penny stock. Some people define it as stock priced under one dollar, some under five dollars. Some people include only those securities traded in the "pink sheets," some include the entire OTC market. The Securities Division considers a stock to be a "penny stock" if it trades at or under $5.00 per share and trades in either the "pink sheets" or on NASDAQ. In addition, a true penny stock will have less than $4 million in net tangible assets and will not have a significant operating history. (In other words, if a company has real assets, such as equipment and inventory, and is engaged in some real business, such as manufacturing, then the Division does not consider the stock to be penny stock even though the shares are low-priced.)
Pennies not a zero sum game as much as some zero game.
