No information contained on this page should be considered as stock advice. It’s the personal opinion of the writer only.
1. Number one on the list is Stocks issued by companies that are going through any kind of bankruptcy proceedings. Yes, any kind, chapter 7 / 11 or 13. May be interested in buying after the proceeding has been officially dismissed, and the company stock symbol has been verified.
Current penny stock BLUU, Blue Water Global Group Inc, OTC Updated Mar 2, 2021 3:59 PM is going thru Chapter 11.
2. Stocks issued by companies that are not in good standing with Stock Exchanges. A simple event is to check at OTCMkts for company status.
Investing or gambling with companies that are not listed, Dark or Defunct, SEC Suspension, Caveat Emptor, Control Disputes, Expert Market, Fail to Deliver, Grey Market, Halt, Pink No Information, Shell Companies, Shell Risk, to name a few, and there are other reasons.
If the company is listed as Defunct: Warning! This company may not be making material information publicly available. Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.