[fortran77]

I chose NOT to exercise options and let them simply expire because they will illiquid and I didn't expect the company to every be worth anything. (It turns out that was wrong!)

This is why I was annoyed when Congress bailed out these dot-com specu-vesters. They knew the risks, or should have. I chose not to exercise because of the tax consequences. They were no secret. Anyone buying stock options should know what they are and how they're taxed.