Microcap Millionaires was started in 2008 by Matt Morris, who realized that he had a genuine talent as far as finding profitable penny stocks was concerned. After being successful for several years, Matt decided to start a service to assist the average person. His service best suits a person who has a smaller account and desires to develop the account into something significant.
How Microcap Millionaires Works
As a Microcap Millionaires paying member, you will receive newsletters through e-mail detailing Matt’s latest picks. The newsletter offers you all the information you require to be successful at selling and buying penny stocks. Matt Morris eliminates the guesswork by offering you the exit points and specific entry. The firm functions on a simple concept, which is exploiting oversold stocks and taking advantage of reverse mergers, “bottom bouncers” & sub-penny stocks.
Microcap stocks can typically be referred to as those companies with a market capitalization of below $250 or $300. Such companies have low or “micro” capitalization; therefore, have limited operations and assets. Microcap stocks not only tend to be low-priced but also trade in low volumes. An example of Microcap Stocks is Matt Morris’ Microcap Millionaires.
Trading Centers of Microcap Millionaires
Microcap Millionaires trade in the OTC (Over-The-Counter) market instead of the national securities exchange like the NASDAQ or the New York Stock Exchange. It is enlisted on the OTC systems as the OTC Link LLC (OTC Link) or OTC Bulletin Board (OTCBB).
o OTC Link LLC refers to an electronic inter-dealer system, which displays last-sale prices, quotes and volume information in OTC equity securities, foreign equity securities, and exchange-listed securities, among other corporate debt securities.
o OTC Bulletin Board refers to an electronic inter-dealer quotation system, which displays last-sale price, quotes and volume information for multiple OTC equity that are not included on the NSE. Under the eligibility rule of OTCBB, companies, which desire to have their securities enlisted on the OTCBB, have to search for a sponsorship by market marker agency, which is a file current financial report with the SEC and a registered broker-dealer.
Difference between Microcap Millionaires (Microcap Stocks) and Other Stocks
No Public Information: The amount of publicly available information about a firm is the biggest difference between other stocks and micro-cap stocks. In most cases, large companies file reports with the Security and Exchange Commission (SEC), which an investor can obtain at zero charges from the SEC’s site.
Lack of Minimum Listing Standards: Unlike Microcap Millionaires, agencies that trade on exchanges have to attain minimum listing standards. For instance, they must have minimum numbers of shareholders and minimum amounts of net assets.
Significance of Choosing Microcap Millionaires for investment
This micro-cap stocks agency provides you with the opportunity of purchasing thousands of shares in just one go. Each of these shares can and do sometimes hike in value; thus capable of fetching tantalizing profits. Besides, this company is a relative equalizer; its shares, apart from being bought at a reasonable price, come with certain amount of flexibility. Matt Morris also offers a free trial with two picks as well as one of the company’s most profitable approaches, signing up is all you have to do.
The Bad Side of Microcap Millionaires
Although Matt’s offers have significant gains, you are unlikely to take advantage of his special opportunity trade if you do not get access to the markets during the day. Microcap Millionaires’ trades can be volatile given that its primary focus is on micro-cap stocks.
Microcap Millionaires will worth your money and time if you desire to invest in penny stocks. The firm offers a money back guarantee; thus, it will not cost you a dime if you are unhappy with the service. However, keep in mind that these are micro-cap stocks; therefore, volatile. It is necessary to avoid putting much money on any one pick, as not all of them will be winners.