RE:RE:RE:Hmmmmmmm......Options & Acquisitions - Tax impact of TimingPine and Marine and Sooner and Clarke,
All of your comments are great and add to our pool of knowledge to try to understand what is going on. There are still so many things we don't know (such as the expiry date of their options), which makes it very hard to know for sure what is happening. I thought of the point one of you brought up re why don't we see PWS selling options if my scenario is correct. Certainly a good question to ask. My thought was, "Maybe they are on a schedule so it is not all done at once -maybe we will see more selling this coming week.". Also, I think it was Pine who brought up the tax questions connected to selling options. The first thought I had when I saw Even Steven's first post on this last night was, "Is this a good thing or bad thing that they are selling options and awards" My conclusion on that was, "They can't be selling if this was bad news (the deal had fallen through), as that would be selling on insider information.". So, this must be selling options and rewards on good news to prepare for the sale to happen. The only explanation I could think of for them to sell before the final buy price is announced is because the expiration date for the exercise of their options is occurring, and comments from you four added to that by stating it could be for tax purposes, or for a specific agreement made with the employees involved that we don't know about. As I think back on my experience with options and awards, they were with one huge company buying out another huge company, and the buy-er was a private company (not publically traded), which may have different buyout rules than with RIO and WRN. I guess what I am saying is that by pooling our knowledge, we all seem to agree that this can't be a bad sign, but a sign of progress, but may not be as soon as I experienced with my former company. This should be an interesting week coming up! Any more of your comments are welcome.
Oakie 1