GREY:BNKPF - Post by User
Comment by
9th0on Sep 17, 2013 7:55am
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Post# 21744890
RE:RE:RE:BKX added to TSX Small Cap Index
RE:RE:RE:BKX added to TSX Small Cap IndexHi Wittmann,
I actually believe that any stock under $5 / share is actually considered a "penny stock". As far as big institutions buying - whatever the regulations are, I think it does vary from institution to institution.
On a side note, BKX (BNK Petroleum) is still being held by George Soros. His holdings are about 17.5%. As it turns out he has been buying shale gas exploration companies and has a stake in a few of them in Poland as he believes that Poland can exploit shales gas as the US is doing (despite what the EU and Russia state - each have their own different arguments but coming to the same conclusion: shale gas + Poland is not a good combo).
The tidbit about George Soros, I got from this link:
https://gazlupkowy.pl/soros-rzadzi-w-polskich-lupkach/ - the title of the article translated "Soros rules in Polish shale". The tidbit in brackets is my own opinion.
Cheers,
9th0