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.

Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?

To: David who wrote (6067)	9/19/1998 5:19:00 PM
From: swedelo	Read Replies (1) \| Respond to of 7111

David, Thank you for the response. It was quite unrequired on your part but, is well recieved. Insider selling has never been that big of an issue with me in this or, 99% of the other companies I follow. What is a big issue to me in this arena is insider BUYING! And, what the numbers reported in the annual and quarterly filings indicate to me is that insiders here, through their option plan, are big time net buyers. As of last report there are 1.611 million options outstanding. Of these 483,000 of these are vested (exercisable) at this time at an average price of $3.12. over 800K of these shares outstanding are at an exercise price of $1.375: but not necessarily, vested or exercisable at this point in time. According to company policy of rules governing options, they are vested over a 5 year period and non-exercisable (expire) after 10 yrs. This means, to me, insiders are exercising most, or, all of their options at $1.35 as they become exercisable, and letting the more expensive vested (exercisable) options sit. Last quarter 393,000 options were exercised, yet, of those that can or do recieve options in the company, I only find 2 sales. Mr. Davids 200K and Mr. Feelys' 45K. For the quarter thats a net ACCUMULATION of 148K shares. Keep in mind they are passing on an approximately a 900%-1000% profit (even at these "depressed" prices) to hold on to these shares. This is VERY BULLISH sentiment on the managements part IMO. Thanx again David for your prompt and courteous reply. I do have one final question for you. If it needs be refered to your legal counsel please direct me there. If Radica was to privatize, what are the legal requirements, on Radicas part, for reaching a settlement price/share agreement with outstanding share holders? Thanx again and Best Wishes, Swedelo