Ourcommon stock is subject to case study solution “penny stock” rules adopted below Section 15g of case examine solution Exchange Act. Thepenny stock guidelines generally practice to companies whose general inventory is not indexed on a national securities exchange and trades atless than $5. 00 per percentage, other than businesses that have had common income of as a minimum $6,000,000 for case study answer last three years orthat have tangible net worth of at least $5,000,000 $2,000,000 if case study answer agency has been working for 3 or more years. Theserules require, among other things, that brokers who business penny stock to persons apart from “based customers”comprehensive bound documentation, make suitability inquiries of investors and supply buyers with sure suggestions concerningtrading in case study solution security, adding a risk disclosure document and quote counsel under sure cases. Manybrokers have decided to not industry penny shares as a result of case look at answer necessities of case examine answer penny inventory guidelines and, consequently, case examine answer numberof broker purchasers willing to behave as marketplace makers in such securities is restricted. If we remain discipline to case study answer penny stockrules for any gigantic length, it may have an hostile final result on case look at solution marketplace, if any, for our securities.
Ourcommon stock is subject to case study solution “penny stock” rules adopted below Section 15g of case examine solution Exchange Act. Thepenny stock guidelines generally practice to companies whose general inventory is not indexed on a national securities exchange and trades atless than $5. 00 per percentage, other than businesses that have had common income of as a minimum $6,000,000 for case study answer last three years orthat have tangible net worth of at least $5,000,000 $2,000,000 if case study answer agency has been working for 3 or more years. Theserules require, among other things, that brokers who business penny stock to persons apart from “based customers”comprehensive bound documentation, make suitability inquiries of investors and supply buyers with sure suggestions concerningtrading in case study solution security, adding a risk disclosure document and quote counsel under sure cases. Manybrokers have decided to not industry penny shares as a result of case look at answer necessities of case examine answer penny inventory guidelines and, consequently, case examine answer numberof broker purchasers willing to behave as marketplace makers in such securities is restricted. If we remain discipline to case study answer penny stockrules for any gigantic length, it may have an hostile final result on case look at solution marketplace, if any, for our securities.