Patrick: I don't know if you saw this, but according to Bloomberg, David Hagen, President of DHMG, sold 30,000 shares of the stock between 10/21/97 and 10/31/97 at prices between $9.38 and $9.56 reducing his holdings to 374,000. Am I mistaken, or did he swear at the annual meeting that he would not sell any of his shares this year?
On the positive side, I guess he hasn't been sending out shareholder letters that say BUY DHMG!!! the very week he was selling his own stock, as he did last February. That represents a slight turn toward honesty, and should be welcomed and encouraged.
By the way, the company previously blamed a summer slowdown at the NASD for the fact that its stock has not graduated from the pink sheets to NASDAQ Small Cap market. At least where I live, summer appears to be over. Has the company offered any other explanation for the delay?
The 10-Q for the September quarter is supposed to be filed by tomorrow. So far I haven't seen anything listed on the SEC's EDGAR system. It will be interesting to see what is filed, if anything. I wonder if, for the first time this year, a person using a calculator to add and subtract will be able to get the same totals on the columns that the company claims?
Other than this, I hope your trading has been going well. I haven't had time to check into Stock Swap in a while. |
