Green Oasis (GRNO)

[michmoney01]

This is what I have learned about sub pennies according to a broker that I use. The SEC or FINRA is trying to make them go away like the dinosaur. They are making it nearly impossible to clear stock certificates for all the deal makers if the price per share is under a penny. Furthermore to that, the brokerage house has to put up a $0.01 bond per share for a sub penny that a client wants to buy and they have to hold that bond for 3 days I believe. That could get costly for the brokerage houses so they are making it harder to buy online hence why you probably have to call in. They will probably talk you out of it or try at least.

You will either see sub penny deals start to do major reverse splits so that their price is above the sub penny so they can clear their shares and the brokerage houses then do not have to put up a bond or you will see the sub pennies really be promoted hard so that they do not have to do the reverse splits if their stock goes above the penny mark. FINRA and the SEC see sub penny stocks as the dogs of the pinks and otcbb and they just want them gone.