Mr P
Any interest in playing the short side of MSTR again? It really hasn't done anything in the big tech rally and according to this SEC filing, the employee lockout for exercising options ends tomorrow. Looks like it has the potential for a huge increase in the float of this piece of trash. Hopefully, the bean-counters will be the first to exercise.
Excerpt...
The Company filed a Registration Statement on Form S-8 in September 1998 registering the 8,000,000, 300,000, 200,000 and 400,000 shares of Class A Common Stock that are issuable upon the exercise of stock options either outstanding or available for grant pursuant to the Company's Amended and Restated 1996 Stock Plan ("1996 Stock Plan"), 1997 Stock Option Plan for French Employees ("French Plan"), 1997 Director Option Plan ("Director Option Plan") and the 1998 Employee Stock Purchase Plan (the "Purchase Plan" and together with the 1996 Stock Plan, the French Plan and the Director Option Plan, the "Company Stock Plans"), respectively. Consistent with the terms of the Company Stock Plans, holders of options will be unable to sell any shares of Class A Common Stock received upon the exercise of options granted thereunder until December 9, 1998, and no shares will be acquired under the Purchase Plan prior to January 31, 1999. Options granted under the 1997 Director Option Plan do not generally begin to vest until October 1998.
John
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