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Technology Stocks : SYQUEST
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To: Dale Stempson who wrote (6114)4/9/1998 8:13:00 PM
From: Dale Stempson  Read Replies (1) of 7685
 
Just thinkin' out loud here... let me get this straight... the investors first got those 12 million warrants for free... then they were able to convert them at a discount... and then they were given 4.7 million additional shares as an incentive to convert. Boy are we in the wrong business.

It appears that these transactions resulted in increasing shares outstanding by 16.4 million, while bringing in $30 million in cash. Hmmm, that nets out to about $1.83 a share and a current $16 million, 50%+ return on their short-term investment (paid for courtesy of existing shareholders).

I wonder how many SparQs need to be sold to make $16 million net profit... Let's see... More than 2 million perhaps?

Now, only 53 million warrants to go. Hope it's worth it in the long-term folks. I'll stick with the trading and hope we get a little pop next week.

Regards - Dale
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