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Tuesday, February 19, 2008 3:44:02 PM
But to see this so sadly pressed to 2 cents per share today does look bad on all the positives, and today's volume of 1.3million as of this writing is impressive to see again, but the stock sits.
But to give "pennies" some relevancy, in light of the major markets the last 6 months, you can no longer say risk is greater in pennies, as me and others in large caps lost $Millions (including many State employee retirement funds) from downgraded and losing stocks of supposed safer corps. that paid dividends even from medical insurance to banks to other areas we can never recoup again... Then you have the new SEC enforcement over the OTC markets today to keep things more "honest" than what used to occur in the old days with them. Plus today regarding OTC's, you have many major global corps who list on them and not the major exchanges for record purposes or such and airlines like Air France or candy companies like Nestle' and many others inclduing strong oil banks in Alaska and other sates all list OTC (pink sheets) and does not mean they are bad or no good, as those corps have been around many years too. Like anything, there will always be bad eggs no matter what the situation, but OTC today, is no more risky than the traditional major regulated exchanges- and we see what has been happening with those for many months...
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