reeves_tc: what happens when a stock moves from the pink sheets to the nasdaq?
I own a stock that is a pink sheet… it has applied to be traded on the nasdaq… will my stock become worthless if this happens, or will it benefit the stock price.
Answers and Views:
Answer by greenberret1960
i would think it would only better the stock
It will significantly benefit you. Stocks trading on the pinks have almost no legal obligations regarding disclosures. There is material fraud in the pinks as a consequence people avoid them and so they are often mispriced. If they are successful in their application, the price should eventually increase from greater market size and you will know more about the company.
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