OTC Pink Current Upgrade Sends Stock Flying

For those who don’t know, the quotation requirements for OTC stocks have been amended under the Exchange Act Rule 15c2-11 in order to protect retail investors. To summarize the rule changes, those stocks that are in the OTC Pink No Information or Limited Information tiers will need to meet the OTC Pink Current Information tier requirements, which are much stricter. Homeland Security Corporation (OTCPK:HSCC) was able to make the appropriate changes and announced their upgrade today, and investors were certainly excited about it!

Homeland Security Corporation is a surveillance company delivering security solutions to governmental, commercial, and enthusiast class customers. The company focuses on enriching our operations through long-term partnerships with peer companies by providing consulting, licensing, and contracting services.

Traders were naturally bullish on the news since these shares would still be quoted toward the end of next month as shares climbed up to $0.0264/share (+88.57%) at the session high. This stock is likely one of many to go through this process during the next few weeks, so be ready to see some volatility.

To read the full story on AllPennyStocks.com, click here.