Thrustmaster (NASDAQ:TMSR) Message Board

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Technology Stocks : Thrustmaster (NASDAQ:TMSR)

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To: Smilodon who wrote (2389)	10/11/1999 3:21:00 PM
From: Pete Mason	Read Replies (1) of 2443

Oh yeah, one other thing... a possible trigger for TMSR's stock price collapse?? From that proxy again: "The Company entered into agreements with each of its employees that it is terminating to evidence this policy. As a result of this policy and the Company's stock option plans, an aggregate of 403,645 options of the Company will accelerate and become fully vested upon the consummation of the Sale and the termination of certain employees of the Company." The sale is, uh, "consummated" now as we've heard five times, so as these employees get the axe, these options get vested. 403,645 shares! That's a ton when your average trading volume is what, 40K?, and the entire float is (was) 2.5M shares! Seems to me that's a ton of likely near-term sales, yet the stock hasn't dropped in anticipation of all that selling. Am I missing something?? Maybe the options which become vested aren't necessarily owned by the dearly departed?? Maybe it's an excuse to fully vest some options held by people NOT leaving?? -- Pete

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