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Technology Stocks : SYQUEST
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To: PerryA who wrote (2966)6/5/1997 7:47:00 PM
From: Dale Stempson   of 7685
 
Re: Floor on warrants

You asked:

>>>...Do you happen to know if this is correct? If so, they could lock in an excercise price lower than the $3.0469 cap without having to actually excercise the warrants for 7 years.<<<

I don't believe it works as you described. They've given a lot away in these deals, but I doubt that even Syquest would allow holders to lock in a low price without having to excercise.

I would guess that they are simply ensuring a head's-up before someone decides to excercise.

Regards - Dale
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