DD Support Board and Research Team

[BigBake1]

Penny Stocks are anything below a certain value including $4 range. Sorry but once again a generalization that a penny stock costs a penny or less.

Investopedia even states the following:

Investopedia explains Penny Stock

The term itself is a misnomer because there is no generally accepted definition of a penny stock. Some consider it to be any stock that trades for pennies or those that trade for under $5, while others consider any stock trading off of the major market exchanges as a penny stock. However, confusion can occur as there are some very large companies, based on market capitalization, that trade below $5 per share, while there are many very small companies that trade for $5 or more.

The typical penny stock is a very small company with highly illiquid and speculative shares. The company will also generally be subject to limited listing requirements along with fewer filing and regulatory standards.

Read more: http://www.investopedia.com/terms/p/pennystock.asp#ixzz1Z4aEyodn



No need to get upset, I agree with the premise that 99.5% are scams and nearly all of them have no real intention of uplisting. But to state none ever do or have is false, it does happen.