SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : SYQUEST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RagTimeBand who wrote (4502)10/21/1997 12:51:00 PM
From: Dale Stempson   of 7685
 
>>>We don't know why they're asking for more stock.<<<

Emory, That's not 100% accurate. We do know for certain that a significant part of the reason as to why the EdHeads are increasing the authorized is because Syquest does not currently have enough shares available to cover the conversion of all existing options and warrants.

(Although they have "only" about 62 million shares issued and outstanding, they have accounted for more than all the 120 million shares currently authorized.)

Without the increase they could be put in the awkward position of having to make up any future shortfall with hard green cash, which of course they just might not have. Beyond that, we can only speculate, however I think it's safe to assume that they'll continue to use shares as a cash substitute until they can turn a profit.

Regards - Dale
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News