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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: Curtis Dennis who wrote (7368)3/24/1998 5:58:00 AM
From: Valentine  Read Replies (1) | Respond to of 10836
 
Dennis

RE: YOUR BEING A MORON LIKE THE OTHER KRY LONGS

Your ignorance is astounding. An option is given to a company officer for ZERO consideration paid to the company. If the executive would then like to exercise the option he must pay the strike price. This money is paid to the company, and NEW shares are issued. They are then free to sell that newly issued stock in the open market to suckers just like you. In the case of the KRY executives the stock has been sold immediately after exercise, showing zero confidence in the long term prospects of the company.

Your second point is also shockingly ignorant. You must deposit margin equal to 50% of the market value in order to establish a short position.

Please attempt to have some marginal understanding of the topic at hand before you post again. Cheers.



To: Curtis Dennis who wrote (7368)3/24/1998 10:20:00 AM
From: Gutman  Read Replies (2) | Respond to of 10836
 
Curtis, options cost the recipient nothing when they are granted to him. The recipient pays the exercise price only when he exercises the options. In most cases, particularly this one, the recipients (the directors of KRY) have exercised and immediately sold the underlying stock in the market at a profit. If they were not assured of a profit, I doubt they would have exercised. For them, it was a no-lose situation.


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