Posted On: 01/13/2015 4:46:14 PM
Post# of 30035
JP you may mean MicroCap Products (funds) that are offered by investment firms, etc do not buy below .10 (even though some do) - but the term MicroCap which you have used multiple times has nothing to do with 10 cents, but rather the companies market capitalization.
Straight from the SEC - where does it say anything about MicroCaps and 10 cents?
http://www.sec.gov/investor/pubs/microcapstock.htm
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$0.10 is the radar thresholds for MicroCaps to speculate in the pennies.
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$0.10 is the level at which Micro and Macro caps becomes visible - any stocks trading below the $0.10 threshold are basically hidden from their view
Straight from the SEC - where does it say anything about MicroCaps and 10 cents?
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The term "microcap stock" applies to companies with low or "micro" capitalizations, meaning the total value of the company's stock. A typical definition would be companies with a market capitalization of less than $250 or $300 million. The smallest public companies, with market capitalization of less than $50 million, are sometimes referred to as 'nanocap stocks.' This guide will use the term 'microcap stock' to refer to both microcaps and nanocaps.
http://www.sec.gov/investor/pubs/microcapstock.htm
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