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To: Chuzzlewit who wrote (52430)7/20/1998 1:36:00 AM
From: rudedog  Read Replies (1) | Respond to of 176387
 
Chuz -
In virtually every case shares were sold as soon as options were exercised
If these were nonqualified options (as nearly all are today) then they MUST be sold as soon as they are exercised, the option holder does not have the right to convert the options.

Just a point of data, this of course does not affect your argument at all.