Our organization held HWG shares for a long period, maybe ten years, from a share price of $3. We sold when shares were in the hundred range. All of this was brought about by oil.

I lost track of the shares after we left. Did the oil company go bankrupt, as someone has suggested? That was the pillar on which this company existed.

It has been in control of Chuck E Cheese. Hotels. And other businesses, all of which it exited to go into oil.

The fabric business is interesting. It used to be a disaster. HWG management tried to sell it. It could not give the fabric division away, and management could not buy it out. Then the fabric they were working on was bought by the U.S. Army, and the fabric division took off. Their fabric business is steady.

We our too busy with our other holdings to do DD again on HWG, but if someone will be kind enough to tell us about how the bankruptcy came about, we will be grateful. Briefly, of course. Meantime, Go with God, my son.

P.S. One warning: Mr. Gumbinner runs the company like his own. He publishes only information the law requires, and then obscures it with legalese. He gives no forecasts and no explanations. Shares are extremely tightly held and any bad news can crash the shares badly.