There are NO institutional investors in the pink sheets. They are institutional because they hold actual investor's money and buy and sell to appreciate their capital. NONE of them would put shareholder's money into stinky pinkies - they are far too volatile to take chances with other people's money. It is for people that don't want to do their own trading, but they want their capital to increase over time. They'll be in NASDAQ or NYSE, but not penny stocks.