[Roy London]

becareful could drop

[Roy London]

holding up...sick

[Roy London]

holding up...sick

[Jbob]

By years end...

[BioVestor1]

What is the record date for the distribution?

[d3vnu11]

Wish I would have held this one, sold several months ago for a small profit.

[Roy London]

a roy london classic

[Jbob]

Man, wished I was a short player bout now...

[Jbob]

Damn, on watch

[figone]

Nice 300K block.

HDLM

[Triple nickle]

Booyah

[Roy London]

on watch

[d3vnu11]

You still in this? What do you think of the insider transactions?

http://www.otcmarkets.com/stock/HDLM/insider-transactions

[HDOGTX]

USG hires former Exelon CFO Associated Press, The   "AP Financial News"
CHICAGO -- Wallboard maker USG Corp. said Monday that it named Matthew Hilzinger as its executive vice president and chief financial officer.

Hilzinger, a former CFO of Exelon Corp. , succeeds Richard Fleming , who will remain with Chicago -based USG as an executive vice president until his expected retirement later this year. Hilzinger's appointment is effective May 1 .

Hilzinger, 48, became Exelon's senior vice president and CFO in 2008 after joining the company as vice president and corporate controller in 2002, USG said.

Most recently, he served as the company's executive vice president and chief integration officer, responsible for combining Exelon's operations with those of Constellation Energy . Exelon's $7.9 billion takeover of Constellation closed earlier this month, creating one of the largest competitive power suppliers in the United States .

Hilzinger has more than 20 years of financial and operating experience. Before joining Exelon, he held a variety of financial positions at Kmart Corp. and prior to that he worked for Handleman Co. , USG said.

USG shares fell 39 cents , or 2.1 percent, to $17.66 in morning trading. Its shares had risen to a 52-week high of $19.44 on Wednesday. They traded as low as $5.75 in early October.

[V63]

http://community.nasdaq.com/News/2011-07/my-best-my-worst-my-next-oneupping-warren-buffett.aspx?storyid=84115 of course you have read this right? is there still something out there to may me think it will come back?

[mnadeau]

I am watching this closely too - looks like something may be about to happen here on Monday.

[AliEn BRaInZ stox]

Channels are very tight.
I am digging and can't find a thing.

[AliEn BRaInZ stox]

Man this thing is just trading sideways.
Interesting volume on friday but it won't budge.

[AliEn BRaInZ stox]

HANDLE MAN 10Q today
http://www.handleman.com/f_investor.htm

[AliEn BRaInZ stox]

Man the ask is sooo thin
What is up here - Got some 10's and watching

[transam73wi]

No reply as of yet.

[mitch9830]

i didn't get a reply did you ?

[illhonky]

Big drop down to support : (

[Henry Jo Bob]

I can't 100% confirm this but the way I read this is that dispursments, if any, will be made to the shareholders of record from the date of record June 20 2009. I can't comfirm 100% if that means that you will get paid if you buy this. I would have thought that if you can't transfer ownership after June 20th then they would have halted trading on that day, so I am curious as to why it is still trading, I do know that in the case of a stock split, there is a day of record when they determine how many shares are split and to whom, but if you buy shares after that date and before shares are distributed then the seller is giving you the right to those split shares so why would this be any different since it is still being allowd to trade? Hmmmm

They show $6,411,000.00 expected to go to shareholders right now with 20,515,269 shares O/S that = .3125 per share. Don't know for sure if you will get it if you bought after June 20th. I will keep digging because this could be a easy double or triple if it allows you to collect.



Copy:
On May 6, 2009, Handleman Company petitioned the Circuit Court for Oakland County, State of Michigan, for an Order of Limited Supervision over the Liquidation of Handleman post-dissolution. On May 20, 2009, the court order was granted and declared that shares of Handleman common stock became non-transferable 30 days after notification to shareholders. Accordingly, Handleman Company’s common shares became non-transferable on June 20, 2009. This allows the Company to reduce costs during liquidation and maximize the liquidated value of the Company for the benefit of its creditors and potential benefit to its shareholders. The Company will distribute proceeds, if any, to shareholders in proportion to their interests as of the close of business on June 20, 2009, the date of record.

[transam73wi]

I may call, if I get no response...

[mitch9830]

i also mailed but no reply yet.

[transam73wi]

I have e-mailed the company to seek clarification for the trading yesterday. If I get a reply, I will post.

[Tony Jeletonev]

I have no clue really..am just throwing what I found in the filing for debate. I read it and it appears to me thatthis june 20th date is the close date for the distribution to shareholders on record as of that date..

So, I just am trying to find out if this is the case by sharing this detail with you all..

[rbens]

This means there is no reason to buy the stock then? If anything purchased after Jun does not count? This run is overn then, right?

[Tony Jeletonev]

this is what bothers me the most in this whole filing...does it mean that anyone buying these common shares after june 20th , 2009...will not get any distribtion?

_____


On May 6, 2009, Handleman Company petitioned the Circuit Court for Oakland County, State of Michigan, for an Order of Limited Supervision over the Liquidation of Handleman post-dissolution. On May 20, 2009, the court order was granted and declared that shares of Handleman common stock became non-transferable 30 days after notification to shareholders. Accordingly, Handleman Company’s common shares became non-transferable on June 20, 2009. This allows the Company to reduce costs during liquidation and maximize the liquidated value of the Company for the benefit of its creditors and potential benefit to its shareholders. The Company will distribute proceeds, if any, to shareholders in proportion to their interests as of the close of business on June 20, 2009, the date of record.

[Henry Jo Bob]

They are selling ALL assets including the corp office building, Closing the company... But this could trade well for a little while and if they pay out .31 or so per share then it is still rather cheap.

[Henry Jo Bob]

NO, they are liquidating the company, not making millions. Did you read the filing? They currently expect to pay .31 per common share to shareholders IF everything works out but they can't say when that will occur IF it occurs at all.

copy:

These projected payments are based on significant estimates and judgments. Through the liquidation period, if the Company is able to generate cash proceeds in excess of what is needed to satisfy all the Company’s obligations, the Company will distribute any such proceeds to shareholders. The actual amount and timing of cash distributions to creditors and shareholders will depend on a variety of factors, including, but not limited to, the collection of a federal income tax refund, sale of the Company’s corporate headquarters, collection of the remaining future proceeds from the sale of Crave, ultimate settlement amounts of the Company’s liabilities and obligations, in particular the Company’s pension obligations and taxes, actual costs incurred in connection with the wind down of operations and market fluctuations as it relates to the Company’s U.S. and Canadian pension plans. In addition, the timing of cash distributions may be subject to the IRS statute of limitations for an examination of the net operating loss carryback and related income tax refund. The aggregate amount of distributions to shareholders is currently expected to be approximately $0.31 per share of common stock based on net assets as of October 31, 2009; however, the actual amount of cash remaining for distribution to shareholders following completion of the liquidation, the dissolution of the Company and the receipt and potential examination by the IRS of the income tax refund could vary significantly from current estimates and could even result in no excess cash available for distribution.

The Company intends to liquidate its occupied corporate office

[risc6k]

Any new millionare here? due to today's action?

[mitch9830]

this will be nice also tomorrow

[Cordog1356]

Stock jumped because of the filing. They were able to come into the black after selling some assets.

[calhawk01]

BUY NOW! Look at FILING! They made LOTS OF MONEY. They went from being broke to making millions!

[$tockfather]

Interesting Thanks...I jumped in @ .20 First time buying a stock that's up over 1000% in one day....A little nervous here.lol

[calhawk01]

This is going to $1! WOHO!

[transam73wi]

I think they found a buyer...

On June 2, Handleman Company announced that it is exiting the music business in North America. Handleman will continue to operate in other businesses as usual as it explores opportunities to maximize value for the benefit of the Company’s stakeholders. Handleman’s other operations, which are not involved in or affected by this announcement, include Crave Entertainment Group, Inc. (“Crave”), a leading full-service distributor of video game software, hardware, and related accessories and a specialty video game publisher; Handleman UK Limited, a leading UK-based distributor and store merchandiser of books, music, computer games and other products; Artist to Market Distribution (“A2M”), an independent music distributor that works directly with branded artists and artists' management to streamline the supply chain and deliver new music product to the marketplace at a lower cost; and REPS LLC, a national in-store merchandiser. As previously announced, Handleman has retained the investment banking firm W.Y. Campbell & Company for the purpose of exploring a sale or other strategic options for Crave

[$tockfather]

Any thoughts on what this might do? Why such a gap up @ open?

[transam73wi]

Called it this morning....

[$tockfather]

Based on what???

[$tockfather]

HDLM is heavily shorted @ 31%. This could be the reason for the spike up

Handleman Co

$
HDLM

Short Interest (Shares Short)
5,566,100
Days To Cover (Short Interest Ratio)
128.8
Short Percent of Float
31.07 %
Short Interest - Prior
5,566,100

[calhawk01]

Going to $1.00!

[$tockfather]

LMAO.....more sells than buys this morning and it's up over 1000%?????

WTF is right!!!

[Sportsjunkie]

i am reading the filings to see what it even does..no doubt somebody is promoting it ..

[$$$-Play]

What happened????

[Sportsjunkie]

exactly...

[edwards]

WTF?