Replies to post #2153 on RCMW Group Inc (fka RCMW)

[stockguy1234]

brokerage firms are not buying for their own account but for someone else. I heard the same thing some funds are prohibited from buying shares under $5. this is just a screeningb device. some can not buy shares unless the market cap is above a fixed number $50 million $100 million $500 million some number-

[Gildersleeve]

Angel, sorry I havent been on here in a while to respond to your request that I verify that minimum threshold requirements are placed upon insitutional invesotrs. I never thought of looking up proof of that! lol I have to admit I've just "known" it from reading about so many companies wanting to get above the $5 limit so they'll be opened up to a greater variety of investment. And also just heard the fact mentioned a lot before.
To find verification I guess you'd have to look at each institution to see what thei'r standards are, as I assume they're alla bit different. But I believe $5 is the standard. I believe very very few trade pennys and OTCs.
Please correct me if Im wrong anyone!