. Most pink sheets are associated with penny stocks nowadays.
1. Penny Stocks - What Are They?
The term penny stock simply refers to a stock that isn’t worth very much - under $5.00 per share. They can be traded normally, but you should note that they are very high risk investments. Although they can be traded on regular stock exchanges, companies that are listed in the Pink Sheets usually do so because they cannot meet the requirements of other exchanges like the NYSE and Nasdaq. Be careful when investing your money.
2. Unregistered
The Pink Sheets is not a registered stock exchange. As such, it can list companies that would otherwise be unable to raise capital through stock offerings. Although it is not regulated by the Securities and Exchange Commission (SEC) its trading system is only accessible by brokers licensed by the National Association of Security Dealers (NASD) and these brokers are required to follow NASD regulations
Angelo Carusone, also known as @StopRush, recently launched a Twitter campaign to dissuade advertisers from promoting their products on Rush Limbaugh’s daily radio show. Carusone likes to portray his actions as spontaneous grassroots social movement campaigning against hate and vitriol. However, Carusone works at Media Matters for America employed as a Campaign Director. Media Matters [...]
Recently, I posted this blog regarding Media Matters for America employee, Angelo Carusone. Carusone, in conflict with Internal Revenue Service regulations concerning non-profits, tweets about Presidential candidates on his @StopBeck account. Internal Revenue Service regulations are very clear. Specifically, 501(c)3 organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political [...]
I filed my fourth 13909 Tax Exempt Organization Complaint Form with the Internal Revenue Service regarding Media Matters for America. Media Matters for America is organized as a tax exempt 501(c)3 organization. Under IRS guidelines, they must abide by several rules to maintain this status. My complaint specifically dealt with a Media Matters employee, Angelo [...]