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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks

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To: Logistics who wrote (3645)	12/29/1997 10:55:00 AM
From: Due Diligence	Read Replies (1) of 8835

Here's a sleeper new to SI. DMEC is trading at .04x.05. They are in the video distribution business and have recently acquired a company that makes a "frisbee" type toy.DMEC also just sold a parcel of land to Home Depot for a tidy profit. Spoke to the CEO,James Lu, and was told the Home Depot purchase was 60% of the land they hold. DMEC distributes their products to Wallmart,Sam's Club,Best Buy,Blockbusters,Walgreen,so the toy product was a natural for them.Looking for more products since they have the distribution in place already.He mentioned he is more concerned with net profits than revenue volume.The float is about 8 million. DMEC is a reporting company and maybe worth a look. Have been seeing a 100-200 share sell($5.00-$10.00) at the end of trading day for numerous days.Don't really understand that one? Any Comments? Jimbo quote.yahoo.com sec.gov

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