DCH Comments on Recent Stock Activity
VALENCIA, Calif., Dec. 14 /PRNewswire/ -- John Donohue, President and Chief Executive Officer of DCH Technology, Inc. (Amex: DCH), a manufacturer of hydrogen fuel cells and hydrogen-specific sensors and provider of hydrogen safety services, issued the following statement today:
"Over the past two weeks, an unfortunate occurrence appears to have resulted in significant selling pressure on our stock. An extremely large block of shares held by an insider of the company was liquidated as a result of a margin call. DCH fully realizes this event was triggered by legal requirements and was unavoidable by both the individual involved and by the broker who was forced to liquidate these shares. We feel that it is important for shareholders to know that these sales were entirely motivated by the margin call and were unrelated to the company's operational and financial performance or condition. Furthermore, to the best of our knowledge all sales related to this margin call have now been completed."
For additional information, please contact Investor Relations at 661-775-4380 or at invest@dcht.com. Web page: www.dcht.com .
Safe Harbor: This press release includes statements that are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect DCH Technology's current views about future events and performance. Investors should not rely on these statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from expectations. These factors include, but are not limited to, the cost of development and market acceptance of DCH's sensor-based systems and fuel cells, competition, the cost and availability of materials, governmental regulations, and other factors detailed in DCH Technology's filings with the Securities and Exchange Commission.
MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com |
