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To: LT who wrote (2167)3/6/1999 10:06:00 PM
From: Jason Flora  Read Replies (1) | Respond to of 6847
 
LT - The term "cashless conversion" to which I was referring is merely a common reference to the more technical term: "Simulataneous Exercise and Sale" and indeed requires no cash to be put up by the owner.

-Jason