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Gold/Mining/Energy : Crystallex (KRY)
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To: Curtis Dennis who wrote (7368)3/24/1998 10:20:00 AM
From: Gutman  Read Replies (2) of 10836
 
Curtis, options cost the recipient nothing when they are granted to him. The recipient pays the exercise price only when he exercises the options. In most cases, particularly this one, the recipients (the directors of KRY) have exercised and immediately sold the underlying stock in the market at a profit. If they were not assured of a profit, I doubt they would have exercised. For them, it was a no-lose situation.
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