There is a stock on pink sheets bulletin board that is selling for 6 cents a share (INSGY.PK)?
where all the assets have been sold but the stock remains active. Who would buy a stock that has no assets or product? Yesterdays volume was 151,000 shares and its daily average is 62,000 shares. Obviously, I don’t know what’s going on and they’re not telling anyone.
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You wouldn’t buy this, unless you have money to waste. Its all speculation as they have no requirement to financially disclose anything. Like I said, stay away unless you have money to blow.
Someone is speculating that there might be some vauge hope that at some point down the line somehow the company will make money. But probably not.
If a stock is trading for six cents a share it is almost certainly not a good investment, and I’d highly recommend you look elsewhere.
If you cannot get enough information on the pink sheets stock, I would avoid it. It is wise to look for companies on the pink sheets that submit their financials. Keep in mind, there are plenty of other good pink sheet stocks to choose from.
If your looking for good information on the pink sheets go here – http://pennystocksandpinksheets.blogspot.com/
This blog has some great information and I hope it helps