why are expensive stocks trading at Pink OTC markets?
a stock from a japanese nuclear power plant company is currently trading at $19.85. After the tsunami/earthquake occured in Japan their stock fell from $26 to $15. As of last month the stock increased $4 and it’s currently at the $19.85 price. If it’s not a penny stock, how is it trading in Pink OTC markets?
Many companies whose stock are publicly traded do not want there stock listed on exchanges. Usually they don’t want to incur the expense nor do they want the meet the reporting requirements.
Some company’s stock does not need or want full disclosure or there is not a big demand for new stock holders, so listing on exchanges is not necessary
Penny Stocks : Opening a Penny Stock Trading Account