Peter, BTW, re-reading the 11/12 press release "SyQuest Stockholders Approve Measures at Special Meeting" I noticed the following statement:
"Of the increased shares, approximately 32 million shares will be used to satisfy warrant commitments from prior financing rounds."
This would tend to imply that my previous number may be low. If 32 million of the increased shares were needed, then shares accounted for may be 152 million or more.
Regards - Dale
Ref press release: biz.yahoo.com
BTW, In addition, there were 4 million shares just recently approved for the new Syquest employee incentive plan retroactive to July. The EdHeads each get a million shares, other execs split 1,560,000 shares and the employees share 265,000 shares.
And... Syquest hasn't even started to use the new shares to obtain additional financing (as it plans to do). |
