GREY:BITKF - Post by User
Post by
getinline10on Jun 13, 2007 3:15pm
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Post# 12937918
insider further
insider furtherLWhat this suggests to me..is that the director is anticipating a further bump up...unless the options were close to expiring...and that he wants to lock in his tax liability now...re options..as he likely feels that the stock is only going to move on up from here...and if he locks in the options later...his tax hit..just for exercising the options will be higher...and also yes money into the coffers...also with investors like ejroach and halfgig holding so many shares at a great dollar cost average...what director would want to be holding a minority share compared to other larger investors..if they thought the shares were only going to go up more. He could also be planning to sell into the next leg up...but cant unless he owes the options...as the next tranche of options arent vested until Oct....etc....but first at this low rate he would be locking in his tax liability the difference betwn the sp and the option exercise price....and then not have a bigger tax encumberance later re this employee benefit...as it is only a benefit...if the director insider feels it is financially in their interest to exercise options...and in the past many expired unexercised..etc...So this is very...very good news...Bet he and DeRooy will be racing each other to the top re share holdings...and that bodes very well for investors too. imo Thanks EJROach!..