News on HHGP. Tanks to Mrs Harris, we have a big dip in price. Any comments on long-term implications for price appreciation?
moneycentral.msn.com
December 13, 1999 12:32 PM
NEW YORK--(BUSINESS WIRE)--Dec. 13, 1999--Contrary to a news report earlier today, the Chairman and CEO of Harris & Harris Group, Inc., Charles E. Harris, has sold no shares of Harris & Harris Group Common Stock in recent years.
Susan T. Harris, the wife of Charles E. Harris, recently filed a Schedule 13D indicating that:
"Mrs. Harris has recently disposed of 479,349 shares of the Common Stock for the purposes of diversifying her investment holdings in connection with recent appreciation of the stock of the Company in accordance with the requirements of rule 144. Mrs. Harris does not intend to sell additional shares in the next three months."
"Mr. and Mrs. Harris make independent decisions with respect to the shares beneficially owned or controlled by them individually and specifically disclaim that they are members of a group."
Please see the Schedule 13D for complete details.
Harris & Harris Group is a Business Development Company with 9,240,831 common shares outstanding. Detailed information about Harris & Harris Group and its holdings can be found on its Website at hhgp.com.
This press release may contain statements of a forward-looking nature relating to future events. Shareholders are cautioned that such statements are predictions and that actual events or results may differ significantly.
CONTACT: Harris & Harris Group, Inc. Charles E. Harris, 212/332-3606 |
