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To: Kevin Podsiadlik who wrote (13822)	8/2/2000 3:31:35 PM
From: Mama Bear	Read Replies (1) \| Respond to of 18998

Kevin, I have been aware of a number of CEO's that have suffered margin calls against their holding and been sold out by their brokers. The two I recall offhand were the CEOs of FIBR and SOLV. So while it may be common practice for a high level exec to maintain shares away from the market, it is by no means the only manner of holding. Regards, Barb

To: Kevin Podsiadlik who wrote (13822)	8/2/2000 3:42:46 PM
From: F. Lynn	Respond to of 18998

" Is it or is it not standard practice for a company's insiders to withhold their core company holdings from the float, as Cramer says that he does, above? " I would think, without being sure, that the most important issue is, do the insiders hold the shares in a margin account with a street broker? If so, they are probably being lent out without the insider's knowledge or approval. I doubt many actually ask their brokers not to lend them out. So I guess that the key variable becomes whether the insiders are holding shares in a brokerage account, or sticking them under the mattress. I think most of the time with options, there is a brokerage firm handling the employee options, and anytime they are exercised the shares get rolled into an account with that broker.