RE: RE: RE: Timing ! OK, one more and I'm done, I promise :-)
Bruce sells 92,000 shares at an average cost of $2.10 (don't remember the exact sales prices).
92,000 X $2.10 = $193,200.
The cost to exeercise 225,000 options at 70 cents each is $157,500. So his net takeaway from the sale was around $35,000. If you divide that by the average $2.10 per share sales price, that amounts to around 17,000 shares.
So, to sum up, Bruce actually liquidated 17,000 shares divided by total holdings of 4,850,000 for a whopping percentage of .3 percent.