In the U.S., penny stocks are high risk investments and new investors should be aware of the risks involved. These risks include limited liquidity, lack of financial reporting, and fraud.[5] Since a penny stock is a low-priced, speculative security of a very small company, regardless of market capitalization or listing service. In the UK markets, penny stocks, or penny shares as they are more commonly called, generally refer to stocks and shares in small cap companies, defined as being companies with a market capitalization of less than £100 million and/or a share price of less than £1 with a bid/offer spread greater than 10%...[2] In the UK Penny Shares are covered by a standard regulatory risk warning issued by the Financial Services Authority(FSA)[3] In France, penny stocks generally refer to risky stocks with a price of less than £100 million and/or a share price of less than £100 million and/or a share price of less than £100 million and/or a share price of less than £100 million and/or a share price of less than 1 euro.[1] Penny stocks generally have market caps under $500M and are considered extremely speculative, particularly those that trade on low volumes over the counter. The Securities and Exchange Commission. Retrieved on 2006-11-21. ^ Gary Weiss. "Investors

Convicted spammer escapes from prison (Infomatics)

Convicted spammer Edward "Eddie" Davidson has escaped from a federal prison camp after serving just five weeks of a 21 month sentence. Davidson was convicted of sending millions of spam messages promoting penny stocks which he then traded when the price rose.

Several state banks' stocks tumble to 'penny stock' levels (BizJournals)

A number of Alabama-based banks' shares are considered "penny stocks" - a moniker given to a company with shares trading below $5.

'Spam King' escapes from federal prison in Florence (Rocky Mountain News)

The man known as "The Spam King" walked away from a minimum-security federal prison Sunday in Florence and was last seen in Lakewood.

Convicted spammer escapes from prison (VNU Net via Yahoo! UK & Ireland News)

Convicted spammer Edward 'Eddie' Davidson has escaped from a federal prison camp after serving just five weeks of a 21-month sentence.

The Crack Up Boom, Part V (GoldSeek.com)

As we look out over the next six months what we see will be extraordinary. The opportunities for prepared investors have never been brighter as the unfolding volatility will be incredible. “Volatility is Opportunity ” for the prepared investor and it will arrive in spades.

`There`s no backtracking on NMCE deal` (Business Standard India)

The Bombay Stock Exchange (BSE) has seen some major changes at the top, with chairman Shekhar Datta and industrialist Jamshyd Godrej, both members of the exchange's governing board, and CEO Ashok Kumar Raut resigning in quick succession.

'Spam King' walks away from Florence prison, last seen in Lakewood (Rocky Mountain News)

Edward "Eddie" Davidson, known as "The Spam King," walked away from a minimum-security federal prison Sunday and was last seen in Lakewood.