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Filed Under Finance :: Stocks, Bond & Forex
I’m just curious
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5 Responses to “Is it possible to take over penny stock companies by buying all there shares?”
yes, then the company goes under and you’re out a few thousand
That is what they call a hostile takeover, scooping up all the shares until you can control the board.
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!
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.
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).
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