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Gold/Mining/Energy : Crystallex (KRY)
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To: Curtis Dennis who wrote (7368)3/24/1998 5:58:00 AM
From: Valentine  Read Replies (1) of 10836
 
Dennis

RE: YOUR BEING A MORON LIKE THE OTHER KRY LONGS

Your ignorance is astounding. An option is given to a company officer for ZERO consideration paid to the company. If the executive would then like to exercise the option he must pay the strike price. This money is paid to the company, and NEW shares are issued. They are then free to sell that newly issued stock in the open market to suckers just like you. In the case of the KRY executives the stock has been sold immediately after exercise, showing zero confidence in the long term prospects of the company.

Your second point is also shockingly ignorant. You must deposit margin equal to 50% of the market value in order to establish a short position.

Please attempt to have some marginal understanding of the topic at hand before you post again. Cheers.
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