Handleman Company (PINK:HDLM) almost made it to the pink sheet quotes list on Dec. 8 when its 10-Q became available to the public. That day the stock price rose 125% and closed at $0.099. In the following few sessions the price dropped a bit, but yesterday it shot up again and this time the closing price reached $0.10 at a spectacular volume of 2.8 million.
This was most probably a residual effect of the fore-mentioned quarterly report. It states that HDLM, which has adopted the liquidation basis…