When a stock is traded as an OTCBB and then the corporation decides to go mainstream as a fully public traded company does anything happen to the price as far as a negative???
Such as PGHI. It does well and they decide to become a fully public traded company. Does our amounts of shares stay the same as well as the price??? I understand the price may go up on this news but as an action nothing really changes???
I think I may be able to answer my own question after some pondering. Nothing will change. PGHI can continue on as an OTCBB as long as it wants. Many companies stay as an OTC due to less paperwork needed to file... thereby saving $$$ for the company. And that if they decided to jump from the OTC market to the main exchange then the shares would still remain the same (volume). Paperwork requirements, for SEC, would be increased and possibly PPS too.
Posts: 442 | Registered: Oct 2003
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COF Not true as companys submit to more detailed scrutiny and maintain good management. The price climbs. Case in point: Last year(9m) I purchased "ICN"1000@$7 it climbed steadily to $15. In December PR said moving to NYSE as "VRX". Stock rose $6 that day. I continued to hold this stock because they were making quarterly reports available. Actually I have ridden this longer than planned,the day before Dec PR I sold 10 contracts for 2.60 @ 22.50. Thinking about buying these back. Please you have not indicated how good the SNS freezes are ? VAN
[This message has been edited by VNGNTN1 (edited December 15, 2003).]