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Finance: What are Passive Investing and Passive Investors?
2 Views

What are Passive Investing and Passive Investors? Passive investing and passive investors are ones who opt to ride the market out over the long ter...

Finance: What are Secured Bonds v Unsecured Bonds, and what is Non-Recourse Debt: Debentures (Subordinated and Senior)?
68 Views

When a bond is secured, it means it's protected, i.e. there are assets that would be forfeited if repayment is not made. When it's unsecured... it'...

Finance: What is Power Of Attorney (Trading Authorization)?
2 Views

Power of attorney refers to the authorization to conduct business on legal and financial matters on behalf of another party. So...choose wisely.

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Finance: What are Pink Sheets? 4 Views


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Description:

What are pink sheets? And can we bleach them to make them white again?

Language:
English Language

Transcript

00:00

Finance a la shmoop what are pink sheets? well they're just white sheets which got [White sheets in a washer]

00:08

washed with one new red sock thrown in yeah you know what we're talking about but

00:12

they're also a publication by the national quotation Bureau that lists

00:17

prices of over the counter or OTC stocks usually shares of delisted that are very

00:22

small thinly traded companies that pretty much well nobody cares about [Man underwater wearing snorkle and goggles]

00:26

anymore sorry guys just keeping it real other than you know bottom feeder

00:30

investors tax loss buyers and well the cardiologists investment Club of Greater

00:34

South Milwaukee yeah Bert we're looking at you

00:37

well these shares don't need to file papers with the SEC or meet pretty much

00:41

any form of registration rules the way that stocks on exchanges do they tend to

00:46

be highly illiquid and have maybe a single dealer making a market in them

00:51

that is if you want to buy them well you make an appointment for you know a [Man sitting in a waiting room]

00:55

see-you-next-tuesday at 11:30 a.m. and negotiate directly with the dealer who

01:00

may or may not have a few shares laying around to sell you or to buy from you

01:04

thanks to that publication which used to be printed on yes pink paper

01:09

pink sheets of papers, see the clever naming there...Trading OTC stocks is

01:14

sometimes referred to as trading on the pink sheets if a company's stock symbol

01:18

includes the letters PK well it trades on Pink Sheets no word on whether

01:24

matching shams or throw pillows are included when you trade those so you'll [A bed with pink sheets appears]

01:28

have to look that up on your own

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