There is no set, accepted definition of penny stock. Some people define it as stock priced under
one dollar, some under five dollars. Some people include only those securities traded in the “pink
sheets”, some include the entire OTC market. The Securities Division considers a stock to be a
“penny stock” if it trades at or under $5.00 per share and trades in either the “pink sheets” or on
NASDAQ. In addition, a true penny stock will have less than $4 million in net tangible assets and
will not have a significant operating history. (Inother words, if a company has real assets, such as
equipment and inventory, and is engaged in some real business, such as manufacturing, then the Division does not consider the stock to be pen-ny stock even though the shares are low-priced.)
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Rates as of Fri Feb 29 18:05:03 EST 2008
Note: Rates may change throughout the day and may differ at the time
of booking. These rates apply to foreign exchange transactions with the
exception of the purchase and sale of currency notes (cash).
