Friday, December 21, 2007

5th Characters in Stock Symbols

For any of you who have researched penny stocks you have seen stock symbols on the OTCBB with 4 and 5 symbols. The fifth symbol many times should be a red flag to you wheter you should trade the stock or not. Here is a list of the fifth symbols and what they mean.

Listed below are the fifth letter identifiers and a description of what each represents:
Character Description
A Class A
B Class B
D New
E Delinquent in required SEC filings
F Foreign securities, except ADR’s
G, H, & I Additional warrants or preferreds
J Voting
K Nonvoting
L Miscellaneous situations, such as stubs, depositary receipts, second units, or additional warrants or preferred
M Fourth preferred, same company
N Third preferred, same company
O Second preferred, same company
P First preferred issue
Q Bankruptcy - involved in bankruptcy proceedings
R Rights
S Shares of beneficial interest
U Units
V When-issued and when-distributed
W Warrants
Y ADR (American Depositary Receipts)
Z Miscellaneous situations, such as stubs, depositary receipts, limited partnership units, or additional warrants or units

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