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To: MSI who wrote (59458)6/1/1999 2:54:00 AM
From: KeepItSimple  Respond to of 164684
 
> Doesn't that represent hypothecation of their insider holdings that must be reported?

Nope. Its a private transaction, and taking a hedged position doesnt require reporting anything to the SEC. Nor does taking out loans against your insider shares. Anyone who works at a public silicon valley company can tell you that it takes about 3 days after an IPO before a representative from Prudential or another major firm visits the office and offers their hedging/loan services to every employee with more than 10,000 shares.

As for the french 20mm call offering, you aren't going to find it on the web. Pony up the 600/month and get a bloomberg feed.

If it werent for the sheer size of the offering, there would be no way to connect it with Bezos. The guy is a former hedge fund manager, for chrissakes. He's not stupid.



To: MSI who wrote (59458)6/1/1999 7:59:00 AM
From: IceShark  Read Replies (1) | Respond to of 164684
 
I see KIS answered it. The banks and investment houses have made this a real roaring product line.