What happens when a stock goes to 0?
 

I'm in this one penny stock and it's trading at 0.0059 ($): -0.0001 Vol: 1,616,175... What happens when or if this shit goes to 0?

Thanks.

I assume they stop trading?

You take a tax break on your next filing.

you lose all your money?

It would probably be delisted.

I like to play with OTC BB penny stocks, never had anything go that low though. What's the stock and what's the story? Do you think it can make a come back?

It depends on the stock, some will bounce around down there. With penny stocks it's not really about the price of it. It's more about the volume.

That one is dead, the volume on a stock that cheap is shit. It's likely only MM's passing a few shares among themselves just to keep it slightly active.

With that said I used to like trading the cheapest ones I could find that had a lot of volume. Reason I say that is because it's so easy to double your money but all so easier to lose it.

If you bought it at -0.0001 and you can sell it at -0.0002 you just doubled your money. So if you can do it right you can make good money, problem is, penny stocks are rigged and full of white collar thieves.

The companies don't have to file proper SEC forms and they are notorious for ripping investors off. The shit those companies get away with is amazing. They will out right lie to investors taking their money then pull reverse splits which basically steal your money in most cases.

If you don't know what your doing, I'd stay away from penny stocks. You will lose your money. Only suggestion I can give you on them if you really want to trade them is to only trade by volume, never trade by what the company is or says it will do and never trade by what someone on a message board says it will do. Trade on volume only with penny stocks.

Oh and always remember the MM make their money first, you get the table scraps.

btw if the price is that low it's most likely a pink sheet, which is even more risky than the average penny stock.