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Technology Stocks : SYQUEST
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To: Cogito who wrote (4463)10/19/1997 2:38:00 AM
From: Triluminary   of 7685
 
Allen,

As far as I can tell... you can't tell. The breakdown was not given. Could be they gave the whole $35 mil plus to Silakhan in warrants and Silakhan will pay cash up front for the TV time etc. and take profits from the warrants at a later date. The possible "seven figures" profit as Silakhan put it.

Could also be as you said and Syquest will pay cash for the TV time and compensate Silakhan with warrants only for their labor. But if yours is the correct interpretation, from where did they get the cash? They were running low. Perhaps they issued more warrants in the last couple of weeks???

sec.gov

Yep, sure enough, they did. Which means, if this is the source of cash for the ads, the end result is the same. The shareholders end up paying the bulk of the $35 mil advertising campaign at some point in time. Not that this is a bad thing. Just hope new investors understand what they are buying into.

Regards,

mark_b
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