so I'm very new to the stock market and get very confused. A friend who works in precious materials mining told me a US billionaire (I'm guessing Musk but really have no idea) and a series of investors are going to start a group called Universal Materials. I'm unsure if it's a mining operation or product brokerage operation since I'm not in the industry and what he said didn't jump out at me and he said he wasn't in a position to know more, just saying what he heard. He said they're talking about acquiring the UVSE symbol. I see it is actually a pink stock or penny stock for like .0003… How do I buy it since I can't buy it on tastytrade? I'd like to get in on it while it's so very cheap if there's a chance it will go high. Also, can anyone tell me why they'd acquire a used symbol versus just picking a new one? That seems sus to me but maybe it's a regular thing?
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