InvestorsHub Logo
Followers 19
Posts 429
Boards Moderated 0
Alias Born 12/21/2005

Re: StockRocket post# 52683

Sunday, 08/20/2017 9:51:54 PM

Sunday, August 20, 2017 9:51:54 PM

Post# of 127559
Most institutions are prohibited from investing in penny stocks.

The entire market cap of INMG amounts to the change in between the cushions in the waiting room at JP Morgan. INMG is way too small to be on any large investor's radar.

Maybe a Hedge Fund or two takes a look, but they're more likely to short it after it pops than they are to think of INMG as a long-term investment.

All I'm saying here is that there is zero chance that any real institutional investors are going to be buying blocks of INMG.

The prohibition for large institutions to invest in pennies probably is at the heart of why the SEC hasn't yet granted a license to the Medical Marijuana Fund that OWCP was slated to be part of. (That's my speculation, not stated as fact.)