Mr. Norris what is your point here?

I have followed (and invested) in legitimate penny stocks for years.
I can say all of this with honesty and pride.

Small business owners (private + public) provide the majority of jobs in the US- small businesses not large ones employee America.

All penny stocks employee in excess of 2 million Americans.
While it is rare for an OTC stock to become a listed stock- it happens more than you might think. Every single year a handful of OTC graduate to an exchange.

So while most penny stocks do not become multi billion dollar conglomerates- most of them do grow from a tiny business, into small businesses, and if things go well into a medium sized business.

There was a time when penny stocks had an average price at one dollar or more- today it is closer to ten cents.
Because of unbridled short selling in the penny stock market place- it has become very expensive and dilute to raise capital for small companies that wish to grow.

BB stocks need to comply with SARBOX- yet their average market capitalizations have not improved since this was implemented- indeed the costs of SARBOX have destroyed small company’s bottom lines.

Penny stocks enjoy massive amounts of Dollar and Share Volume- even if you exclude the dual listed foreign behemoths such as BASF and Puma which have OTC listings- the OTC shows massive trading and dollar volumes which come close to matching the large exchanges.

The conundrum is this- share and dollar volumes for penny stocks are at all time highs- yet market caps and shareprices are at all time lows- obviously there is a massive- a truly massive amount of unbridled (both legal and illegal) short selling occurring in penny stockland.

Fraud occurs on the NYSE on down- so this alone is not a good reason to short all penny stocks that are trying to grow (and succeed) into oblivion- shorting penny stocks into the dirt- destroys a very large segment of job growth in America.

This is the simple truth you need to accept.

Crown Holding (CCK) traded below a dollar in December 2001 for a few days and is now at $26. I thought about buying 500 shares then…

Loch. Harris went from a few cents to 8 dollars based on bogus PR about new land mine clearance technology, it was worth a billion at one time then crashed to a few cents. Of course it was funded by the same toxic funders as USXP

What you are asking is a bit disingenuous.

Forget the PPS.

Look to the market caps of HD Intel MSFT in their early years.

Some of them had penny stock market caps during their formative years.
Many of these penny stock market cap companies which later became Dow components had zero earnings, and minimal revenue- during their formative years.
But they were able to sell stock a decent valuation in order to grow.

It isn’t the pps it is the market cap- reverse split almost any penny stock and it could trade for dollars per share- but brutal naked short selling of penny stocks doesn’t let these companies sell stock at a decent valuation (as their forebears) were able to do- so it has become that much harder for the penny stock market cap companies of today to reach the next step in their evolution.

i agree with with poster # 26

If the Shorters could raid a giant bank , how easy would it be to destroy a micro-cap ?

Well, Zapata Corp was founded by our current president, so almost by definition it’s an important company (of course, it is STILL a penny stock).

According to the NYT, Audible was trading for 15 cents per share at one point.

On March 11th 2008 it was acquired by Amazon for $11.50. I’d say the leader in audio books qualifies as an important company.

http://www.nytimes.com/2005/01/23/bu...

Floyd Norris replies: Audible is a fine example of a fallen angel, not of a penny stock. It went public at $9 a share in 1999, and got as high as $25 the first day. Before Amazon turned up, it had a one-for-three reverse split. So if you bought at the initial public offering, you paid $27 for a share that was acquired nine years later for $11.50.

Mr. Norris as I said earlier.

Price per share doesn’t matter- what does matter is that Intel, Home Depot and a whole slew of other companies had penny stock market caps during their most formative years.

How did the unprofitable intel startup grow from a penny stock market cap company into one of the largest market caps on earth?

Would they have been able to accomplish that feat today?
With massive naked short selling of virtually all unprofitable (penny stock) market caps companies in today’s day in age- I would say Intel HD and MSFT would never have made it if they launched today.

Learn this- understand it.

Years ago small public companies became large public companies because naked short selling hedge funds did not target them for destruction- in today’s market place most small maket cap companies are not given the chance to see their potential through.

UPL (Ultra-Petroleum corp) $68, NYSE, market cap of about 1 billion, was once a .15 cent penny stock on the vancouver stock exchange.

Although not an American Company and may not fit your request exactly, the transformation of Hurricane Hydrocarbons is a good story. They were listed on the Toronto NASDAQ in the late 1980s under the symbol HHLF with very little in the way of assets and production. With the break up of the Soviet Union, the company went to Kazakhstan to seek out exploration and development opportunities. Unfortunately, by 1999 they had to seek bankruptcy court protection. Bernard Isautier took over management of the company and made some strategic moves such as renegotiating contracts with the Kazakh Government. The price of crude increased over this period which benefited the company as well. In 2003 the company was renamed Petrokazakhstan (NYSE ADR: PKZ), and was ultimately sold to China National Petroleum for US$4.14 billion in 2005. (I think share price went from $0.27 to $55.00 - bankruptcy to buyout).

97 % of Blue Chip Companies Were once startups

Almost every large-cap blue chip company listed on a stock exchange in the United States was a small-cap company in its infancy.A study concluded by the National Commision of Entrepreneurship concluded that 197 of the largest 200 firms in 1997 could be traced back to founding by entrepreneurs and their families.

http://www.vantagepoint-ia.com/Secur...

telefono de mexico was a Penny Stock also Home depo.Many Companies at one time were a Penny Stock

Floyd Norris replies: My question referred to United States companies, so I did not look up the Mexican phone company. But Home Depot never was a penny stock. Historic stock charts make it look that way because of all the subsequent splits. I am still waiting for a real American company that became large and successful after being a penny stock.

how can get a list of penny stock and data

K-mart

K-mart was a pennt stock around 3-4 years ago. They were eventually bought out and later became a fifteen dollar stock.