Buying sub penny stocks?
1. How does the Ask Bid and Ask Sell effect this whole process? What does it mean? For this particular sub penny, the Bid (Size) is now: $0.0001 x 5,000 and the Ask (size)is now: $0.0002 x 5,000. What exactly does this mean?
2. I read something on Investopedia that "penny stocks can be hard to sell if no one is in the market for the company shares you’re holding." What are they saying here? Does that mean that someone needs to buy the shares from me? If so, how does that work?
3. How long does it take to fill the order of 2M shares?
I'm an investor of 3 years and never bought sub pennies. I hear they are risky, but can still be beneficial. I have an order pending for 1 day and am wondering how long will they fill this order. Your help is greatly appreciated.