OVER-THE-COUNTER
24 May 2016 By PDSNETTrading of shares which are not listed on a formal stock exchange. In America there are about 80 000 companies that trade their shares in this manner - mostly small "mom-and pop" outfits which are too small to satisfy the listing requirements of the national or regional stock exchanges. In South Africa, the OTC has become associated with so-called "venture capital" selling of shares to the public, but there is very little secondary market for these shares.
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