>>SYQT is treating them quite well, and they would benefit from extending this hopeless situation as long as possible.<<
I agree. SyQuest only has a paltry 94,000,000(?) shares outstanding or so, and 170,000,000(?) authorized. Iomega has over 262,000,000 shares outstanding with 400,000,000 authorized. SyQuest has a ways to go before it is in real trouble, and has to issue a proxy to authorize more shares to dilute.
What a brilliant scheme by a bunch of already rich guys to make even more money And, a result of all this is this eats into Iomega's earnings as well! |
