Replies to post #7771 on NoHo Inc (DRNK)

[ed7777777]

IMHO, NOHO won't be considered a "penny" stock for very much longer! BREAKING DOWN '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.

Penny Stock Definition | Investopedia http://www.investopedia.com/terms/p/pennystock.asp#ixzz3rrNe4wcA