What happens when a stock moves from the pink sheets to the nasdaq?
I hold a pink sheet stock. It has applied to be traded on the nasdaq. Will my stock become worthless if this happens, or will it benefit the stock price? Traders call these stocks jumpers. It will benefit you greatly but it’s bad play that you should never do again. Pink sheets should be named pink sh*ts. Never invest in pink sh*ts or OTCBB stocks. Just say no. I lost thousands of dollars trying to invest in jumpers. In one stock, I lost $10,000. That stock was called Plasticon (PLNI). I held it for 3 freakin years! What a waste of time and money that I can never get back. Jim Turek, the CEO of PlastiCON scammed everybody. He uses Investors Business Daily and Yahoo Finance to publish and run articles that were complete lies! He even filed false reports with the SEC some 2 years late! The SEC is going after Turek for fraud and are seeking jail time. Investors were simply screwed. PLNI is not a rare event either. 75% of all companies listed on the pink sheets are scams. Think about it. W
