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Friday, November 19, 2010 3:57:55 PM
I regularly read about penny companies doing a forward split to make the stock more palatable(cheaper) to a wider pool of penny investors,and institutional investors get involved in pennies under ten cents also(e.g SJLS re WOLV).
The revenue will increase share price sufficient to attract bigger investors.
The highest OTCBB classification(w only variable 25-150 stocks)is OTCQX,the highest of 7 OTCBB classes, with transparency approaching that of the major exchanges and many large Corp's utilize OTCQX (using ADR'S)rather than major U.S exchange. Adidas last I looked was OTCQX.
Last I knew OTCQX dropped their minimum price from .25 to .10,so CWRN,by various peoples estimates,would be able to join OTCQX before long if it chooses. The blue ribbon advisory committee will probably help guide CWRN to higher classifications.
If you want a good laugh many brokers know nothing about OTCBB and don't realize the tremendous strides to transparency by OTCBB since 1999. One broker told me OTC stocks have no financial statements etc. I said of course they do-I've seen financials for 1000's of them. After I mentioned OTCQX several times (he still didn't understand)he looked it up and tried to convince me Otcqx was a mutual fund!! People set in their views apparently can't change.
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