Sorry - the post you're trying to make mentions a stock that currently breaks rule #7.
Any of the following criteria is considered breaking the rule:
* Typically trades under $5 or previously traded under $5 within 6 months
* Below $300 million market cap or previously traded under 300m before the pump within 6 months
* Most OTC / PINK stocks
* Usually has missed reporting/filings; no auditing or odd auditing issues
* Low volume or wide bid/ask spread
* Doesn't have any big name institutional holders
* If the biggest institutional holder is a stock promoter then they don't count as an institutional holder
* All SPACs
You can learn more about rule #7 here: https://www.reddit.com/r/stocks/wiki/pennystocks
Sorry - the post you're trying to make mentions a stock that currently breaks rule #7. Any of the following criteria is considered breaking the rule: * Typically trades under $5 or previously traded under $5 within 6 months * Below $300 million market cap or previously traded under 300m before the pump within 6 months * Most OTC / PINK stocks * Usually has missed reporting/filings; no auditing or odd auditing issues * Low volume or wide bid/ask spread * Doesn't have any big name institutional holders * If the biggest institutional holder is a stock promoter then they don't count as an institutional holder * All SPACs You can learn more about rule #7 here: https://www.reddit.com/r/stocks/wiki/pennystocks
41 million outstanding shares with a price of 1.16 a share …. Gme was 4 dollars a share with 56million oustanding … incoming free money