Stock Market For Beginners | A List of Penny Stocks To Get Rich Overnight

Let us have a look at the NYSE listing standards and they say the below

Minimum Quantitative Standards about the Financial strength of the company are :

Aggregate pretax earnings (D) over the last three years - $10million

Minimum in each of the 2 most recent years - $2milion

And there must be a positve amount in the third year

If we talk about valuation here is what they say

Valuation with Cash Flow 

For Companies with not less than $500 million in Global market capitalization and $100 million in revenues during the most recent 12 months

Or

Aggregate Operating Cash Flow (E) over the last three years   -   $25million
(each year must report a positive amount)

Or For Pure valuation

Revenues for the Most Recent Fiscal Year - $75million

Global Market Capitalization (F)   - $750million

These are stringent  listing criteria and that means smaller companies with sales of less than million dollars need to have an avenue to list and that avenue is provided by the over the counter bulletin board.

Here is what the SEC says about the listing and delisting requirements

“Before a company can begin trading on an exchange, it must meet certain initial requirements or “listing standards.” The exchanges and the Nasdaq Stock Market set their own standards for listing and continuing to trade. The SEC does not set listing standards.”

Here is what they say is the listing criteria

For Pink OTC markets operates the PTCQZ where good companies also are traded along with the bad companies and their tier system goes like this OTCQx, OTCBB, Pinksheets and the Grey market.

A lot of companies listed here have no information as their classification that means they do not provide regular updates of their financial status but are still valid to trade. The only thing is you do not know what their finacial situation is tomorrow so it may mean that you will not be able guess that this company will survive tomorrow or not and that means that your investment can become zero in a matter of a day even.

The penny stocks cost very low some can be $.04  or even .004 and that means for $100 you can buy a lot of shares and the profit can be huge but the down side is that you have no traditional tools to predict the price like the fundamental analysis and or the technical analysis.

That is to play in the market you need to enlist help of penny stock traders or companies which deal with them otherwise for sure it will burn a big hole in your pocket.

Coming to the topic of if there is a list of penny stocks there is no list of penny stocks and which will give those thunderous returns which people are expecting from penny stocks.