NaturalShrimp Inc (SHMP): I don't know where the $1.00 is comi...

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Don'tDrinkTheKoolAid

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Don'tDrinkTheKoolAid

Re: Redyu post# 25929

Tuesday, 02/12/2019 1:03:47 AM

Tuesday, February 12, 2019 1:03:47 AM

I don't know where the $1.00 is coming from. Not to be a Debby downer, but I thought tutes couldn't buy until $5 bucks as under $5 is a still a penny stock. This is what I found.

Stocks that trade below $5 are considered by Wall Street to be "penny stocks." ... Stocks that trade below $5 are considered so risky that institutional investors, including pensions and mutual funds, aren't allowed to buy penny stocks and can even be required to sell securities that fall below the $5 mark.Dec 1, 2016

This doesn't even clearly explain it either a little more recent.
I'd like to see something more relevant.

https://www.fool.com/investing/2017/11/06/can-mutual-funds-own-stocks-under-5.aspx

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