Medinah Minerals (MDMN)

[jetpilot1101]

???

But just to humor you, I did.

http://en.wikipedia.org/wiki/Penny_stock

Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. In the United States, the SEC defines a penny stock as a security that trades below $5 per share, is not listed on a national exchange, and fails to meet other specific criteria. In the case of many penny stocks, low market price inevitably leads to low market capitalization. Such stocks can be highly volatile and subject to manipulation by stock promoters and pump and dump schemes. Such stocks present a high risk for investors, who are often lured by the hope of large and quick profits.

The real applicable parts are highlighted.

So just because they aren't required to have audited financials gives them free reign to engage in all manner of underhanded chicanery and outright fraud? It is absolute lunacy to allow easily manipulated companies to trade without providing essential information to the public. I have to wade through a mountain of paperwork and disclaimers to buy a house or a car. Why shouldn't the same rules apply to purchasing stock that has much higher risk? At least if my car or house breaks, I can get it fixed - if my penny stock management team runs off and leaves me holding the bag, I have no recourse. How is that logical? I'll remind you, I make choices to buy homes, cars and stocks - shouldn't I be entiltled to as much information as possible to make an informed decision?