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Technology Stocks : Zitel-ZITL What's Happening

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To: John Kratus who wrote (13076)11/26/1997 7:53:00 AM
From: Maywood  Read Replies (3) of 18263
 
How can the "transaction costs and the tax liability" on 100,000 shares be 60,000 shares? Even supposing the exercise price of the options was next to nothing and assuming it's all profit, why would the tax liability be 60%? There is no 60% tax bracket!

Jack's still using the excuse that companies are delaying their Y2K work. "However, we continue to feel the frustration of delay with regard to the Year 2000 market. We are effectively using this time to position ourselves within the Y2K market in order to capture our share of that market." This seems totally bogus (Other Y2K companies don't seem to have trouble getting work!) Is there any truth to this?
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