Monday, April 16, 2007 6:28:56 PM
He doesn't have to file bankruptcy, he can leave a worthless shell behind (a la QBID)and avoid paying legal fees for the filing.
Yes, it can and most will likely go sub .0001 where you will not be able to buy/sell via Ameritrade (as well as other brokers) unless you place a market order. Then the flippers (using brokers that allow transactions at sub .0001) will get your shares for .00005 and turn right around and sell it to some newbie for .0001 during a pump and double their investment. Welcome to the penny stock scam...
Yes, it can and most will likely go sub .0001 where you will not be able to buy/sell via Ameritrade (as well as other brokers) unless you place a market order. Then the flippers (using brokers that allow transactions at sub .0001) will get your shares for .00005 and turn right around and sell it to some newbie for .0001 during a pump and double their investment. Welcome to the penny stock scam...
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