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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 136.61-2.4%Dec 5 9:30 AM EST
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To: Rational who wrote (25510)3/6/2001 7:43:52 PM
From: bosquedog   of 28311
 
True, Naveen Jain sold some of his INSP holdings at $50. But, he has now (in December) exercised 2 million options at approximately $10 million cash paid to the company and has made an open market purchase of 500,000 shares at $4 per share.

So he gets over $55 million for the stock he sold and then spends $12 million to get more than 2 times as much stock that he sold. That is what I refer to as FREE SHARES.;)
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