Examples of Penny Stock in a sentence
Penny Stock The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks.
As used herein, a Penny Stock may also include certain exchange-traded fixed-income investments.
Penny Stock Regulations and Restrictions on Marketability The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks.
Therefore, there can be no assurance that holders of our common stock will receive cash, stock or other dividends on their shares of our common stock, until we have funds which our Board of Directors determines can be allocated to dividends.Our shares of common stock are Penny Stock, which may impair trading liquidity.
Finally, monthly statements are required to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stock.We do not anticipate that our common stock will qualify for exemption from the Penny Stock Rule.
There can be no assurance that our shares of common stock will qualify for exemption from the Penny Stock Rule.
In any event, even if our common stock were exempt from the Penny Stock Rule, we would remain subject to Section 15(b)(6) of the Exchange Act, which gives the SEC the authority to restrict any person from participating in a distribution of penny stock, if the SEC finds that such a restriction would be in the public interest.
Finally, monthly statements are required to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stock.We do not anticipate that our Common Stock will qualify for exemption from the Penny Stock Rule.
Our common stock is a “penny stock”, and we are subject to Rule 15g-9 under the Exchange Act, or the Penny Stock Rule.
No Access Person shall engage in any Personal Investment Transaction in a Penny Stock, unless such transaction(s) is pre-cleared (SEE the Pre-Clearance requirements set forth herein).