How do I purchase stock in this company?

Question

I'd like to purchase ZAAP.OB Stock....... how do I purchase it... I'm an absolute beginner and I have no money to hire a broker... I just want to shell out my cash and buy..... So how and where do I do it... Is there any software that walks you through the process (easily)?

Answer 1

This stock is not listed on any stock exchange but rather OTC or bulletin board. This is matching buyers and sellers. Usually you have to buy stock that,s listed via market participants i.e. stockbrokers, even if it is on an online platform.Bulletin board and Pink Sheets may be different. Hopefully an 'expert' from US will help here.

As this stock and other similar are not listed you have to be very wary of prices, information etc. it is not regulated by the SEC therefore CAN be subject to much abuse. At a quick glance it only has about $7m dollars although it is seeking a governement grant. Not much for a very competitive industry (and 'flavour of the month'). Try to visit the company/factory to see exactly what they have got. Bear in mind electric vehicles is nothing new, they have been going for yonks.Has this company got anything special in the way of IP?. The big challenge is the battery or power source. The way forward seems to be Lithium-ion which, although currently the best power storage system, seems to have problems especially when trying to produce a battery large enough to power a vehicle. I suspect the first company to produce a workable Lithium-ion battery will corner the vehicle market. (Japanese??)

I would say check this company out thoroughly, don't just buy on a hunch or because of the bandwagon effect.How much money would ZAP have to invest/spend before it would get any sort of reward/profit? Have a look at http://www.shareworld.co.uk/index.php?pa... This was just my musings on the subject a few months ago. I suggest you do a bit of research and see what other companies are around that might play a significant part in the production of electric vehicles.    

Answer 2

If you can't afford a broker then you can't afford stock.  There are deep discount on-line brokers like Scottrade that charge only $7 per transaction and have a $500 account minimum to open.  If that is beyond your means, stay out of the market.

Answer 3

firstly, i would advise against investing in any stock with ".ob" or ".pk" t the end.  if the company isn't good enough to trade on an exchange, are you sure it's good enough for YOU?

but no matter what, you have to go through a broker.  paying scottrade $7 won't kill you.

and penny stocks like this are probably the most efficient way of throwing money away known to man (ever more efficient that lighting dollar bills on fire).  if you don't at least use a limit order, you'll get burned.