Trust me, run from that stock and trade.
The way to make money in the market is to get rich slow.
- Buy a company with a strong history of earnings and sales growth
- Make sure it has substantial cash to debt
- Make sure it has a return on equity of at least 12%
- Make sure annual historic capital expense is not more than 1/3 of earnings per share
- Buy at a pe no more than the return on equity percent and no more than 18.
I just spent 4 weeks looking at 2400 stocks and 98 met this goal. I then bought a four of them.
Research, Research, Research, Research
Pink sheet FAQ:
http://www.pinksheets.com/pink/otcguide/issuers_getquoted.jsp
I stay away from pinksheet stocks myself. My impression of the market is that it is even more crooked than the standard fare.
You may need to forget this stock, it’s done. If the cost of selling it out was even $10, it would require 221 shares just to pay the broker to dump it.
Run away from the pink sheeets. Few things in this country are more corrupt than the “trading” on pink sheets.
If you care to lose your money, go for it.