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To: Lizzie Tudor who wrote (145439)8/14/2002 12:24:24 AM
From: GST  Read Replies (1) | Respond to of 164684
 
"there is no absolute expense (if you want to call it that) until exercise" WHAT????? This is pure baloney. Do you understand what the premium is? The premium is the "absolute expense" and it has everything to do with the moment of issue and absolutely zero to do with events at the point of exercise -- zip, nada, nothing. No connection whatsoever. Not a thing. Never, ever, ever. No connection of any kind. Not even on acid and played backwards while speaking in tongues and standing on your head while looking in a mirror. Not on this planet or on any other planet. Not in a million years. Not in one case in a billion.