RE:RE:Big Picture
Institutions (I'm assuming you mean asset managers) can own and purchase shares under $3. I'm not sure why you keep saying 99% can't. How would a resource fund invest in junior miners if that was the case? There wouldn't be any small cap funds either. The $3 figure is a margin requirement and is separate from a fund's mandate. Institutions can and do own stocks at all price points if they think there's a chance for a return. Large cap funds will have rules about not investing in cos under a certain market cap, but again, you're making blanket statements that are incorrect.