Pink Sheets
I recently read a bit of news about suburban folks and pink sheets, and I didn’t understand why people going to Target or wherever and buying up pink sheets was news. Then I learned that in the world of investing, pink sheets have absolutely nothing to do with sleep. Here’s the official definition, from Investopedia.
A daily publication compiled by the National Quotation Bureau with bid and ask prices of over-the-counter (OTC) stocks, including the market makers who trade them. Unlike companies on a stock exchange, companies quoted on the pink sheets system do not need to meet minimum requirements or file with the SEC.
Bleah. I wish that made since. Perhaps this is why I’m not rich.
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