Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (13085)	11/26/1997 12:13:00 PM
From: dan grone	Read Replies (4) \| Respond to of 18263

Bill, Jack Kings options according to Edgar filings have an exercise price from $4.25 thru $8.50, if you assume the lowest exercise price of $4.25 and taxes on the sale of 60,000 shares of ZITL without considering any transaction costs the most cash that Jack King would have come out of this with is approximately $170,000. He also will have an additional 40,000 shares of Zitel with a cost of $4.25 per share (using the assumption of $4.25 exercise price options). I am not a fan of this company but I do find it ironic that those who are short Zitel attack Jack King for joining them in selling shares. Dan