Summary: Navigating the world of OTC stocks like INKW can seem daunting, especially when compared to blue-chip, exchange-listed shares. This article breaks down the process, highlights real user experiences (including some trial-and-error moments), and dives into the regulatory quirks that make buying INKW stock a unique journey for both beginners and seasoned investors. Along the way, you’ll find practical screenshots, expert takes, and a cross-country look at how “verified trade” standards differ worldwide.
When I first tried to buy shares of Greengro Technologies, Inc. (INKW)—which trades over-the-counter (OTC)—I assumed it’d be as easy as picking up shares of Apple or Tesla. Well, it wasn’t. INKW isn’t listed on the NYSE or NASDAQ but trades on the OTC Markets, which introduces a whole new set of hoops. Some brokerages don’t even let you touch these stocks, and the regulations can be murky. If you’re reading this, chances are, you’re running into the same roadblocks I did. Let’s walk through what actually works (and what can go hilariously wrong).
First, you’re not going to find INKW on every popular investing app. Some big names, like Robinhood and SoFi, have flat-out excluded OTC stocks (source: Robinhood OTC policy). That was my first roadblock—imagine the confusion when you type in the ticker and nothing comes up.
Here’s what I found (and tested) when it comes to brokerages that actually support buying and selling INKW:
A quick screenshot from my Schwab account when searching for INKW:
Don’t be surprised if customer service agents give you conflicting answers—on my first call, the rep said “we don’t support that security,” only for another to walk me through the process step by step. Always double-check!
The reason is regulatory risk. OTC stocks like INKW often lack the reporting requirements of exchange-listed companies. According to the U.S. SEC, these securities can be more volatile, have less liquidity, and are more prone to fraud. That’s why some platforms steer clear altogether.
Let’s say you landed on a brokerage that supports OTC trading. Here’s how it went for me—and the missteps along the way.
Open an account with, say, Charles Schwab. During onboarding, you’ll encounter a section about your investing experience. If you understate it (“I’m a total beginner!”), the platform might restrict access to OTC stocks. I learned this the hard way—my first application was “flagged for review,” delaying my trade by a week.
INKW sometimes won’t show up with just the ticker. Try searching for “Greengro Technologies” directly, or even the CUSIP (if you can find it on OTC Markets).
With OTC stocks, market orders can be risky. Liquidity is thin, so a “market order” might fill at a wildly different price. I once put in a market buy for 5,000 shares, only to see the fill price was almost 10% higher than I’d expected. Limit orders are your friend here.
Screenshot from a typical OTC order screen:
OTC trades usually settle T+2 (two business days), but don’t be shocked if your trade lingers in “pending” a bit longer—especially with thinly traded tickers. Keep an eye on liquidity and always double-check your confirmations.
Here’s where things get tricky—and why many investors get burned:
In my own experience, these risks aren’t theoretical. I’ve had a buy order hang for days, only to be canceled due to “lack of market activity.” A friend of mine bought an OTC stock only to have it move to “Expert Market,” making it virtually unsellable except to accredited investors. Buyer beware.
Suppose you’re in Canada and want to buy INKW. You might think it’d be as simple as using Questrade, but Canadian brokerages often block access to “U.S. Pink Sheets” for retail clients. I chatted with Mark, a compliance officer at a Toronto-based brokerage, who explained:
“We have to adhere to IIROC guidelines, which restrict the ability of Canadian investors to buy U.S. OTC Pink stocks unless certain reporting standards are met. It’s a huge compliance headache, and the risk isn’t worth it for most firms.”
So, if you’re outside the U.S., you’ll likely need a cross-border account with an international broker like Interactive Brokers (IBKR). Even then, KYC (Know Your Customer) procedures can mean days of paperwork.
Here’s a look at how some major countries define and enforce “verified trade” for OTC or unlisted stocks:
Country | Standard Name | Legal Basis | Enforcement Body | Reporting Requirements |
---|---|---|---|---|
United States | Rule 15c2-11 | Securities Exchange Act of 1934 | SEC, FINRA | Public disclosure required for “current information” status |
Canada | IIROC OTC Rules | Canadian Securities Administrators | IIROC, CSA | Restricted unless issuer meets strict filings |
EU (Germany) | Freiverkehr (Open Market) | WpHG (Securities Trading Act) | BaFin | Disclosure required, but standards lower than main market |
Japan | JASDAQ OTC | Financial Instruments Act | FSA, JASDAQ | Issuer must file annual reports |
For more on U.S. standards, see the SEC’s Rule 15c2-11 amendment. For Canada, the IIROC Enforcement Rules.
I reached out to Dr. Emily Brock, an adjunct finance professor and former compliance officer, who told me:
“Most retail investors underestimate the risks of OTC stocks. These companies are less regulated, information is often sparse, and liquidity can dry up overnight. If you’re going to invest in Pink Sheets, make sure you can afford to lose what you put in—and always use limit orders.”
Her advice matches my own lived experience. I’ve seen too many people rush in after reading about a “hot penny stock” on Reddit, only to find themselves stuck with shares they can’t easily sell.
Buying shares of INKW is possible, but it’s not a frictionless, app-based experience. You’ll need a brokerage that supports OTC stocks, a willingness to navigate outdated interfaces and paper-heavy compliance, and a thick skin for the volatility and unpredictability that comes with the territory.
If I had to do it over? I’d start by confirming with the broker’s support team that they allow OTC trading, test with a tiny buy order (to check for weird fills or delays), and set alerts for any changes in INKW’s trading status. And I’d set my expectations: this isn’t blue-chip investing. It’s a bit more like buying and selling at a flea market—sometimes you score, sometimes… well, you learn the hard way.
For authoritative information, check out the SEC’s OTC investor guide and the OTC Markets Group. If you want to compare how other countries approach OTC stocks, the OECD’s report on securities regulation is a dense but useful read.
Bottom line: If you go down the INKW path, do your homework, use the right brokerage, and be prepared for a journey that’s part investing, part adventure.