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Replies to post #5670 on Castle Brands Board (ROX)

Replies to #5670 on Castle Brands Board (ROX)
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MaxInvestor

02/20/15 11:58 AM

#5671 RE: europtiger #5670

Technically you are wrong, Euro. ROX is a penny stock.

Fundamentally, you are correct. ROX isn't like any other penny stock. It's a serious company with a bright future.
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Gingi

02/20/15 12:26 PM

#5672 RE: europtiger #5670

Huh, we post in here when we are pretty certain.
However, you are free to make your own research ...
Start at Google , Wikipedia etc...
all EZ to access :)
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jkp34

02/20/15 1:22 PM

#5673 RE: europtiger #5670

From the SEC's Penny Stock Rules page (http://www.sec.gov/answers/penny.htm):

"The term "penny stock" generally refers to a security issued by a very small company that trades at less than $5 per share."

That said, I find that many investors think of penny stocks as stocks under $1. This thought is supported by things like ScottTrade (my broker) charging a premium for trading OTC stocks that are under $1.