It's not black and white and your not differentiating between established start up stocks and start ups. Your categorising NEA priced at 50c as a penny stock under the same umbrella as a 0.5c shell penny stock.
By your definition, your now saying FMG is a penny stock because it's below $5?
ZIP recently went over $1, its speculative and therefore is no longer a penny stock?
I imagine this could go on for hours, so I'll leave it at that.
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