Penny stocks with 6,000,000,000 shares outstanding usually aren't in the mid .00's ???
Sirius XM (SIRI) was on the verge of bankruptcy in 2009. On 09/30/2009, it was trading at $0.63 per share, up from $0.12 in January, 2009. As of the end of September 30, 2009, Sirius had authorized 9 billion shares of which 3.9 billion were issued. They received outside financing which led to their turn around.
It can happen!!! GO BTZO