Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: barry fowler who wrote (11851)	6/16/2001 3:04:05 PM
From: rhkohnen	Read Replies (1) of 15615

Just a Theory Stock options received have an expiration date. What some people do is sell some of the stock to raise the cash to convert the options to cash. GX did the same thing last year at this time, and I am thinking that this is a going to be a ritual. I believe it was Crowe of LVLT who said that he would sell a portion of his shares each year at a particular time. Some of these sales came in April, so maybe taxes might be a reason. Also options are generally given out after taxes for bonuses, so this may be another reason. I am not trying to dismis the importance of insider sales, but there are some basic maintenace funtions that insiders must perform, which can give false indications. Winick's move was the most confusing, and he maybe cooking up a side deal which does not affect GX. Best regards Bob

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