Friday, February 25, 2011 10:59:53 AM
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Thank you for the reminder from CW. Vested Stock grants are considered immediate income, thus taxes are due right away. It even makes sense to me. Stock options are different.
I am sure most people know this. Beside when I checked the so called "insider sales", they were pittifully small. I really mean small. CW sold 10K and he has 400K left, 2.5% of his holdings.
I would take him at his word that these sales are for paying taxes.
Be as it may, I am still leery of so called pre-arranged sales. I was in Calpine , no more needed to be said :) unfortunately.
However it is my judgement that CW and MNTA mgt are definitely not the same as Cartright and Calpine mgt. I am here because I believe they are rowing the same way I am going :)
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