powertechexposed.com home



Powertech's stock price drops below $2.00 CAD for first time since December 5, 2006

Extremely speculative and volatile security falls deeper into penny stock territory

Posted August 9, 2007



PWE share price: $1.87 CAD (August 9, 2007 - Down 10.53%)

All time high: $4.50 CAD

All time low: $1.20 CAD


 U.S. Securities and Exchange Commission

Penny Stock Rules

The term “penny stock” generally refers to low-priced (below $5), speculative securities of very small companies. While penny stocks generally trade over-the-counter, such as on the OTC Bulletin Board or in the Pink Sheets, they may also trade on securities exchanges, including foreign securities exchanges. In addition, penny stocks include the securities of certain private companies with no active trading market.

Before a broker-dealer can sell a penny stock, SEC rules require the firm to first approve the customer for the transaction and receive from the customer a written agreement to the transaction. The firm must furnish the customer a document describing the risks of investing in penny stocks. The firm must tell the customer the current market quotation, if any, for the penny stock and the compensation the firm and its broker will receive for the trade. Finally, the firm must send monthly account statements showing the market value of each penny stock held in the customer’s account.

Penny stocks may trade infrequently, which means that it may be difficult to sell penny stock shares once you own them. Because it may be difficult to find quotations for certain penny stocks, they may be impossible to accurately price. Investors in penny stocks should be prepared for the possibility that they may lose their whole investment.

For more information, read the penny stock rules section of our Broker-Dealer Registration Guide. You may also want to review the penny stock rules (Securities Exchange Act Rules 15g-1 through 15g-9).

Before you consider investing in the stock of any small company, be sure to read our brochure, Microcap Stock: A Guide for Investors.

We have provided this information as a service to investors.  It is neither a legal interpretation nor a statement of SEC policy.  If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law.







Powertech releases FY2007 financial statements: 

No operating revenue, $4.9 mil loss for year, accumulated losses of $15.8 mil, $17.8 mil of common stock sold

Company discloses uncertainty whether its uranium reserves are "economically recoverable"


POWERTECH URANIUM CORP. - REPORT AND CONSOLIDATED FINANCIAL STATEMENTS - March 31, 2007 and 2006 - Stated in Canadian Dollars (pdf)