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Gold/Mining/Energy : KASTEN CHASE APPLIED RESEARCH. -- Ignore unavailable to you. Want to Upgrade?

To: robin hood who wrote (727)	4/28/1999 8:54:00 AM
From: Ruby	Respond to of 1247

Why is the strike price so high..especially when the stock was only less than half that price. Anyways, it is free for him. It is reassuring that he holds an increasing stake in the company. The management compensation is small and will only increase if the share price moves much higher. The annual report notes that Leech has over 600,000 shares, (slightly more than my position). With these options he stake is 1 million plus. With a move to 3 or 4 dollars, he will be nicely rewarded for the turnaround. But I hope Jim is much more ambitious than a mere 3 million dollars profit.