RE: RE: FINALLY broke through $.90..... Don't necessarily agree with your position on "pink sheets"... they are real shares... see following explanation from an investing site:
"Any stock that trades on the Pink Sheets falls into one of these two categories: (1) companies that don’t meet the listing requirements of the New York, American or Nasdaq stock exchanges or (2) companies — usually foreign — that are unwilling to jump through the regulatory, legal, and accounting filings that accompany listing on the major exchanges.
The second category is foreign companies. For example, everybody has heard of Nintendo, and it is certainly not some cruddy penny stock.
The only reason Nintendo is on the Pink Sheets is that it — like many foreign companies such as Volkswagen and Nestle — sees no reason to create a duplicitous legal and accounting department just to be traded on the NYSE.
These huge international companies already meet the filing and regulatory requirements of their home countries, but they would have to open and maintain an English-speaking version of those same offices.
A double legal team, double accounting team, as well as staff that are experts at U.S. securities regulations requires a huge financial and time obligation that a lot of foreign companies are unwilling to undertake.
Plus, these foreign companies have already met all those legal, regulatory, and accounting requirements in their own country and feel that the burden is on YOU to read/translate their home country filings.
Clearly, companies such as Nintendo, Volkswagen or Nestle are not borderline insolvent pieces of financial junk. They are thriving, profitable, household-name companies that are every bit as reputable as any U.S. blue chip company.
The biggest problem for most of the 15,000 stocks that trade on the Pink Sheets is that the U.S. companies on the Pink Sheets are indeed borderline insolvent pieces of financial junk. The foreign companies, however, can be hidden gold mines."
h1