SYQUEST Message Board - Msg: 1879124

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Technology Stocks : SYQUEST

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To: PerryA who wrote (3423)	7/31/1997 4:23:00 PM
From: Michael Coley	of 7685

RE: "SYQT debt equals over $4 a share" >> Your figure is way off . . . as of 3/31/97, SyQuest's LT debt >> was about 27 cents per share. It's actually even less than that if you consider the massive dilution. The LT Debt is $11.4 million (as of 3/31/97), which is somewhere between 0.10 and 0.26 per share, depending on how many shares you think are out there. Latest "official" numbers (5/8/97) are 43.5 million, but virtually all of the 120 million authorized are obligated. "[A]s of May 8, 1997, SyQuest had 43.5 million shares of common stock issued and outstanding. Assuming conversion of all preferred stock, exercise of existing warrants, [etc, Syquest] has total stock obligations of 114.9 million common shares." - Michael Coley - i1.net

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