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Technology Stocks : Data Dimensions

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To: TA Trader who wrote (2736)8/17/1997 7:29:00 PM
From: nonzeroa   of 4571
 
Does anyone in the know want to hold DDIM?

I posted how Cruttendon Roth delivered DDIM shares in leiu of cash to exercise its warrant back in July:

exchange2000.com

Look in this quarter's 10Q:

During the six months ended June 30, 1997, the Company issued
approximately 331,000 shares of its common stock pursuant to exercise of outstanding options and in connection therewith received cash proceeds of approximately $411,000 and approximately 6,000 Treasury shares of Company common stock.

Not only did an insider (Larry Martin) get to buy stock at $1.25 per share, instead of paying cash he delivered 6,000 shares of stock (which the company valued at $29.5)! So all longs not only sold stock at $1.25 this quarter, they bought at $29.50 as well. Great trade!
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