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What does pink slip mean?

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“The money was used to place orders for securities listed on the OTC Bulletin Board and Nasdaq pink sheets”

what is pink sheets?

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4 Comments

  1. dirtfire says:
    February 22, 2010 at 09:21

    I don’t know what Nasdaq pink sheets are, but ‘pink slip’ means you’re fired from a job. When talking about cars, pink slip means the registration.

    Pink sheets probably means the pink copy of a set of papers, pink sheet, yellow sheet, etc.

  2. redjellolover says:
    February 22, 2010 at 10:05

    A pink slip means that you are fired. I don’t know about pink sheet…

  3. TFG says:
    February 22, 2010 at 10:15

    Pink Sheets is an electronic system, published by Pink Sheets LLC, to display bid and [[ask price|ask] quotation prices. The name “Pink Sheets” stems itself from an earlier paper-based system, which was printed on pink paper. It is mainly used by stock brokers trading OTC securities.

    Pink Sheets LLC is neither an NASD broker-dealer, nor registered with the U.S. Securities and Exchange Commission; it is not a stock exchange, the companies listed do not need to fulfill any requirements (e.g. filing financial statements with the SEC). With the exception of a few foreign issuers (mostly represented by American Depositary Receipts or ADRs), the companies quoted in the Pink Sheets tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum [listing requirements] for trading on a national securities exchange, such as the New York Stock Exchange or the NASDAQ Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies.

    For these reasons, the SEC sees companies listed on Pink Sheets as “among the most risky investments” and advises potential investors to heavily research the companies in which they plan to invest.

  4. gmakes3 says:
    February 22, 2010 at 11:13

    A stock listed in the pink sheets indicates it is very inexpensive, which translates to risky. These pink sheet stocks are also sometimes called penny stocks because of there low prices.

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