![]() They went bankrupt in December of the same year.įinally, it is not uncommon for con artists to mislead investors via penny stocks. However, in November 2001, the shares were trading at$1. A new product or service may fail to pique the interest of consumers.Ĭompanies on the edge of bankruptcy may see their stock price plummet to pennies shortly before the entire business crumbles. The most important issue is that many new businesses fail for various reasons. While the fact that they are new should not immediately eliminate them from consideration, such investments do come with risks. While the cheap prices may attract some investors, this may be because of an organization’s fundamental problems. Micro-cap stocks, small-cap stocks, nano-cap stocks and OTC stocks are terms that refer to stocks trading for less than $5 a share.
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