It amazes me how people some think that just because an "OTC" trades over $0.10 or higher- it somehow is more risky than those trading in the $0.00s ($0.000s)! The thing that they don't realize is that those that are fully reporting (OTCQBs) you can at least track, within an 8K or 10Q, whether or not they've taken on TOXIC funds that is too much for them to handle (i.e. Multiple Notes from MULTIPLE "funds" within the same quarter or two) . I have seen more OTC companies, trading "below a penny", go to $0.0001 and then do a REVERSE STOCK SPLITS (the equivalent of owning something like PLSB at say a $1/share) than OTCQB companies keeping the dilution in check and eventually up listing. But when you do find one (out of a thousand) that does, you can mint a mini fortune.
Don't get me wrong- you can ALWAYS trade these stinky pinkies from $0.0011 to $0.0022 and "double your money" but the REAL trick is to recognize that these are Walking Dead Stocks (hence why they're trading down here) and be smart enough to SELL them into any kind of rally! To "buy and hold" these is the kiss of death of investing in these things!
- SMH
