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Micro Penny Stocks, Penny Stocks $0.10 & Under
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GCCP - profitable company, low O/S, greatly undervalued
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[QUOTE]Originally posted by roadrunnerv8383: [QB] [QUOTE]Originally posted by newpenny: [qb] Could you tell me as a newbie to this. Is it good or bad to be on the SHO list and what does it mean for a stock to be on this list? [/qb][/QUOTE]the risk is minimal at this price based on GCCP's fundamentals. anything in the .04s is a good buy IMO. from my post earlier in this thread in response to the same question you asked- GCCP has been manipulated down for the past several weeks, when the short positions are covered the PPS will increase. but this is also a great opportunity for investors to pick up cheap shares, this stock should be trading at .10 minimum- Regulation SHO Threshold Security List As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days: There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and The security is included on a list published by a self-regulatory organization (SRO). A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days. NASDAQ publishes Regulation SHO Threshold Security List for NASDAQ issues (NNM and SmallCap), OTCBB issues, and Other OTC issues. [/QB][/QUOTE]
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