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Technology Stocks : CSGI ...READY FOR TAKE-OFF!
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To: TEDennis who wrote (1955)1/6/1998 1:18:00 AM
From: Trader X  Read Replies (2) of 3391
 
Almost 1 million share of dilution at $4/share.

In November 1997, Mr. Bishop surrendered options to purchase a total of 900,000 shares of Common Stock in exchange for replacement options to purchase a total of 900,000 shares with an exercise price of $4.00 per share. Of these 900,000 options, options to purchase 561,500 shares are immediately exercisable and the remaining 338,500 become exercisable in twenty-two equal monthly installments, commencing one month from the date of grant.

no wonder the price slipped to under $4 in Dec.
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