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Microcap & Penny Stocks : SATI
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To: gary r. albrecht who wrote (27)9/4/1999 12:32:00 PM
From: Micropicker  Read Replies (1) of 43
 
You can still trade pink sheets.

Depending on your broker, you can still trade pink sheets. However, many of the bigger brokers will not. The biggest problem with being on the pink sheets is liquidity. There will likely be fewer MMs, and less volume. Trades may not be instantaneous. Often a sell will have to wait until it actually has a matching buy order. The MMs who deal with pink sheet stocks are not required to "balance out" the market in that stock, or even to carry an inventory of that stock.

What's bad is that the company hasn't completed the paperwork. This isn't a big deal, and if the company has legitimate book-keeping, it should only cost a few thousand dollars extra. If it ever wants to exit the pink sheets anytime in the future, it would have to do this anyway. That's probably the scariest part to me--they don't mind going to the pink sheets. That means it will be harder to get back, and harder to raise any future funds. Not a good sign. I'm taking them off my bookmarks.
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