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  • tex7779 tex7779 Apr 1, 2003 5:16 PM Flag

    Howdy Bluematchbook:


    Keep in mind that Kanders himself has about $ 8 million of his own money tied up in this. Between him and the other two, they have about close to $ 10 million invested.

    As compared to the prior leadership in CLRS, I am willing to expect that it will be in Kanders' interest to bring about significant improvements in the stock price. He stock options for 200,000 shares at 5.65, 400,000 each at 7.50 and 10.00. This is all from a late Dec'02 SEC filing. Why would he bother with option strike prices at 7.50 and 10.00 ?

    Just my HMO.