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I agree with your thoughts about the mgt exercising and selling. It really is a shame, the CO does have tons of cash and great returns on their investment (evidenced by profit margins, ROA, ROE, etc). I'm thinking of adding to my position though. I think its been beaten down by the trend in natural gas prices (which will probably prove temporary), rather than options exercise practices of the mgt. Just out of curiosity though, where on their annual report can we find out how many options remain in MGT's posession?
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