Replies to post #82410 on Good Vibrations Shoes Inc (GVSI)

[reaper247]

Pffttt, majorprofits...I got bored with it and was gonna let it go, but I will revisit it.

I had explained the distinctions between OTC penny stocks vs. big board penny stocks here on the GVSI board months ago when someone didn't realize the difference. I posted this more recently when some still didn't get it.

The U.S. Securities and Exchange Commission (SEC) uses the term "Penny stock" to refer to a security, a financial instrument which represents a given financial value, issued by small public companies that trade at less than $5 per share.

Didn’t need the 3rd party opinion on the topic, but tell Janet I said thanks anyways.

Besides that, this statement isn't completely accurate.

Safe harbor protections for forward looking statements are excluded from penny stocks.
15 USC Section 78u-5 (b)(1)(C)

OTC penny stocks are excluded forward looking statements, unless they aren't.

I see this exemption fairly often.

One example that I own is QMCI.

So, safe harbor protections can apply to OTC stocks, contrary to what people link to on the internet.

LOL, IMO and FWIW.