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Posted On: 05/13/2018 2:48:12 PM
Post# of 41414
I found this on the following site:
http://www.pennystocks.org/halts-and-delistings.php
Pink Sheets:
Many companies that fall off the OTCBB are likely to land on the Pink Sheets. The National Quotation Bureau, a private company in New York, runs this market. Each day, information on some 3,000 stocks (mostly penny stocks) is printed on sheets of pink paper and sent to paid subscribers (mostly brokerage houses).
"Since the Pink Sheets don't require any financial reporting, it is generally considered the last stop for companies that have nowhere else to trade their securities."
If financials are not required why did the SEC suspend trading?
http://www.pennystocks.org/halts-and-delistings.php
Pink Sheets:
Many companies that fall off the OTCBB are likely to land on the Pink Sheets. The National Quotation Bureau, a private company in New York, runs this market. Each day, information on some 3,000 stocks (mostly penny stocks) is printed on sheets of pink paper and sent to paid subscribers (mostly brokerage houses).
"Since the Pink Sheets don't require any financial reporting, it is generally considered the last stop for companies that have nowhere else to trade their securities."
If financials are not required why did the SEC suspend trading?
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