no thoughts on pga?, page-14

There are a number of motivations:

Many Insto's are mandated not to deal in stock below x price.

Very difficult to do a cap raise at $0.01

Quoting on , eg. ASX limited to 0.00x so the smallest possible change in price would be 10% of a stock valued at 1c.. so the larger the stock price, the better changes in value can be reflected (see KIK's chart and make sense out of that!)

some brokers i think incorporate qty of shares in their brokerage?

Also the fact that nobody wants to be a penny dreadful, as PGA has unfortunately become.

brokers getting sore fingers.. and so on..