KaseyMoe asked:
These sub-penny, penny stocks get to some vanishingly little share prices. When does the exchange or the marketplace makers give it up and halt trading. Who finally pulls the plug?
Yes, of course zero. I meant and should have stated: “How low this side of bankruptcy, delisting and worthless can a stock go prior to it is kaput?”
Sorry, didn’t make that clear – I do wonder how numerous decimal places are allowed by the trading system. Appears like .0004 is getting awfully close to the limit.
The problem in question is IPKL but there are other people – lots.
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December 30th, 2009 at 9:07 am
Zero. Bankruptcy. The stock is decommisioned and new stock is issued, the old stock becomes worthless.
December 31st, 2009 at 10:05 pm
80 % of “penny stocks” go to $0.0000 within 5 years.
January 4th, 2010 at 5:04 am
sounds like an experiment you have going there….lol
I still have one too…I bought 20K shares of one at .03 cents and it’s at .005
so I need a 600% increase to get even or lose another $90 to sell it and pay the trading fee.
my experiment.
October 2nd, 2010 at 9:51 am
For stocks trading below $1 they can sub-penny out to 4 decimal places $.0001.
Page 29 -> http://www.sec.gov/rules/final/34-51808.pdf