OTC Pink Current Upgrade Sends Stock Flying
01 September 2021 - 6:40AM
AllPennyStocks.com
For those who don’t know, the quotation
requirements for OTC stocks have been amended under the Exchange
Act Rule 15c2-11 in order to protect retail investors. To summarize
the rule changes, those stocks that are in the OTC Pink No
Information or Limited Information tiers will need to meet the OTC
Pink Current Information tier requirements, which are much
stricter. Homeland Security Corporation (OTCPK:HSCC) was able to make the
appropriate changes and announced their upgrade today, and
investors were certainly excited about it!
Homeland Security Corporation is a
surveillance company delivering security solutions to governmental,
commercial, and enthusiast class customers. The company focuses on
enriching our operations through long-term partnerships with peer
companies by providing consulting, licensing, and contracting
services.
Traders were naturally bullish on the news
since these shares would still be quoted toward the end of next
month as shares climbed up to $0.0264/share (+88.57%) at the
session high. This stock is likely one of many to go through this
process during the next few weeks, so be ready to see some
volatility.
To read the full story on AllPennyStocks.com, click
here.
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