Here is the link.
In other words, if a company messes up, the exchange will kick the company out of its exclusive club. A stock that has experienced a steep price decline and is trading below $1 is very risky because a relatively small price movement could result in a huge percentage swing (just think—with a $1 stock, a difference of $0.10 means a change of 10%). In low volume penny stocks, the fraudsters flourish and stocks are much more easily manipulated. Major exchanges don't want to be associated with this type of behavior, so they delist the companies that are liable to be affected by such manipulation.
Actionable Items
I should have invested on EXPR at price 0.90 with 50,000 shares, $45,000 dollars. I can wait for more investors to invest the company in Jan. 2021. before the price went up over $4/ share.
No comments:
Post a Comment