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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (71115)	11/29/1999 6:00:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 132070

Don, Does issuing new shares result in a new expense line? If you mean a new market line, the answer is yes. ***** It finally occurred to me what was wrong with your ski-lift analogy. Those passes you talked about don't have a secondary market -- that is, they could only be used by the employee. But with stock options, there is a market for the new securities that are created. A fairer test is to imagine what might happen if the ski resort were required to honor those lift tickets when in the hands of non-employees. TTFN, CTC I suspect that I will be unable to change your mind on this issue, but at least we have had a stimulating discussion.