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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE

DAL 57.60

-0.4%

1:33 PM EST

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To: StockJock-e who wrote (201)	4/26/1998 10:51:00 PM
From: Michael M. Cubrilo	Read Replies (1) of 486

StockJock-e, it is not necessarily true that insiders could blow out their shares. There is a period of "black-out" during which insiders are not allowed to sell or buy shares... this includes material changes such as imminent news, 1/4'ly reports, etc.... Also, the exchange would require the filing of documents when insiders blow out large amounts of shares. Only if the shares have vested at a certain price, can the insiders then sell. And in the case of any one of these juniors, you can bet that the insiders were awarded options at much lower prices than you see today. Typically, the options vest after 1 year. mike

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