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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Rich Nielsen who wrote (10140)	4/1/1998 7:32:00 PM
From: Alan	Read Replies (1) \| Respond to of 14631

>When you exercise an option, you have the option to buy the stock >long at the >option price and then hold the shares hoping for future growth. >I am assuming this is what Ken did Yeah, as long as he can come up with 2.25 million to pay Infomix for 300,000 shares at 7 1/2 and the taxes. Usually what people do is sell to cover, or sell part to come up with the rest, in this case a little over 50% (and he still has to pay taxes on $300,000 (300,000 x $1), or $120,000). Even if he did buy 300,000 shares from informix, I don't think they'd show up on NASDAQ, actually, they might. FWIW I think this is bogus, as its april 1st and it was after hours, Alan