Unlisted trading privileges (UTP) refer to the rules for trading securities that do not qualify for listing on an exchange.
In the United States, regulation of over-the-counter trading is set out in the Unlisted Trading Privileges Act of 1994, an amendment to the Securities and Exchange Act of 1934.
Non-listed shares include over-the-counter shares such as penny shares or shares of private companies.
With UTP, a company’s shares can be traded on an exchange even if the company has not met the additional requirements of that particular exchange.
The Nasdaq Capital Market (Nasdaq-CM) is one of three levels of listing on the Nasdaq exchange, designed specifically for companies that need to raise capital.
This investment strategy uses selling short stocks and using the proceeds from the sale of those stocks to buy and hold the best rated stocks for a specified period of time.
The authorized reserve refers to the maximum number of shares that a publicly traded company may issue, as specified in its articles of incorporation or articles of association.
Downward round refers to a private company offering additional shares to be sold at a price lower than that at which they were sold in the previous funding round.
The Greater Fool Theory states that you can make money buying overpriced securities because there will usually be someone (i.e. a bigger fool) who is willing to pay an even higher price.
“Eventually, when the market runs out of fools, prices will start to go down.
The Halloween strategy suggests that investors should be fully invested in stocks from November to April and not invested in stocks from May to October.