If you buy all the shares outstanding in a penny stock company can you assume full control of it.

I’m just curious

  • I’ve never understood this. Can someone explain why some people place trades for 200 shares on a penny stock?
  • How do I put a sell price on my penny stock using Scottrade?
  • why would a penny stock go from selling almost a half million shares to 2 million in one day?
  • how does a penny stock pump and dump work?
  • What happens to my shares when a penny stock (under $5) increases over $5?
  • I have a question about investing in a penny stock ?
  • What’s the most shares of a penny stock you’ve purchased?
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    5 Responses to “Is it possible to take over penny stock companies by buying all there shares?”

    1. Charlie Sheen on February 3rd, 2013 11:40 am

      yes, then the company goes under and you’re out a few thousand

    2. Sailin_Away on February 5th, 2013 11:33 am

      That is what they call a hostile takeover, scooping up all the shares until you can control the board.

    3. Raysor on February 7th, 2013 3:07 am

      Yes. But why? These companies are worth nowhere near their (purported) market cap.
      I assume you are talking about OTC.
      These are private companies traded on bulletin boards or Pink Sheets. They are not Listed on the Stock Exchange!

    4. John W on February 10th, 2013 9:17 am

      What makes you think all the shares are for sale just because you would want to buy them? If you tried to buy all the shares, shareholders would hold out for far more money then the shares are worth just cause they can.

    5. Common Sense on February 12th, 2013 7:10 pm

      If all the shares are available (which is either unlikely or a good indicator it’s something to stay away from)….. the answer is yes (you would certainly pay an inflated, ridiculous price).