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Technology Stocks : SkyMall (SKYM)
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To: Clifford Topel who wrote (783)1/1/1999 8:38:00 PM
From: Tom Hua  Read Replies (1) of 987
 
why would partner sell to CEO at 7 when stock was considerable more??? My only guess is that he was restricted from doing this, somehow. Any ideas???

Clifford, It was stated on CNBC that the options for the CEO to acquire his partners' shares expire at the end of 98. This whole thing was "well" planned by the CEO to rip off his partners and to fatten his own bank account.

Regards,

Tom
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