According to the S.E.C., the term "penny stock" generally refers to a security issued by a very small company that trades at less than $5 per share. Penny stocks generally are quoted over-the-counter, such as on the OTC Bulletin Board (which is a facility of FINRA) or OTC Link LLC (which is owned by OTC Markets Group, Inc., formerly known as Pink OTC Markets Inc.) The importance of the designation is trivial as compared to the audited financial reporting and the up-listing itself since, as they stated, any stock under $5 is considered a penny stock. You're spot on though, big things are coming!