No. of Recommendations: 2
This should have been closed a few months ago under TMF policy.

From TMFTwitty not too long ago...

The following is the complete statement of our policy regarding penny stock boards.


All folders with closing prices below $3 will be closed

In keeping with our policy of not wishing to foster conversation of penny stock (defined as stocks trading under $5), the Fool has two policies which you should be aware of about our message boards.

1. We will not open boards for stocks trading at under $5. The Fool very seriously believes that the risk associated with penny stocks and the manipulation that can occur with these stocks is a huge detriment to individual investors everywhere.

2. In some cases, misfortune will happen upon a company and cause its stock to fall below $5. What happens then? The Fool recognizes that stock folders develop a community of loyal followers. We don't wish to hurt these communities, but at the same time, we don't want the discussions of penny stocks to continue indefinitely. Therefore, the following will occur should a stock fall below the $3 threshold.

- If the stock falls below $3, the Fool will post a message in the folder informing all of the readers that the folder will be closed in not before 7 days time. This will give shareholders time to discuss their game plans, and choose other boards to continue relationships.

Market Cap Fail-Safe Policy

The only exception to the "under $3" rule will be if a company still maintains a $200 million market capitalization after it falls below $3. This is to ensure that some larger company doesn't get excluded from our boards because it fell below $3.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.