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Non-Tech : York Research (YORK) -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (784)	6/19/1999 2:09:00 PM
From: Gunther Karger	Read Replies (1) \| Respond to of 800

Comment I would also hope that management did not orchestrate poor earnings to create cheap prices and then load up on options. However, the other side of this is that there are ways to take advantage of a situation a situation and still have a similar outcome. In management's defense, I don't think it wanted the losses nor pl;anned them. But, I do believe that traders and their management should have had better safeguards against "markets going against the bet" and this is called hedging. In this case, the bet was done with "shareholder money" and we paid for while some were in a position to benefit via cheap options. Incidentally, has anyone read the detail(in the Proxy) on available payment methods to execize the options? Incidentally, to those who wonder where we have been the past several months, a footnote. I have been extremely pre-occupied with my wife who late February was diagnosed with breast cancer and had several surgeries, been twice hospitalized for blood transfusions and presently is about midway through chemotherapy which takes us to the oncology clinic nearly daily. This does not mean though that I do not read these posts and others as well closely follow the filings and industry events. I also am heavily involved with other projects as there is life "beyond York". GK