Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Teddy who wrote (34860)	11/8/1997 3:16:00 PM
From: Dale Stempson	Read Replies (1) of 58324

Re: >>>Unless they continue to sell more shares Syjunk will have no cash in less than four months.... it is very likely that they will be delisted in January.<<< Edward, These events may indeed happen at some time in the future, however it is highly unlikely that they will happen in the next few months. Syquest has continued to receive considerable financing that included giving away free warrants with conversion prices less than today's SYQT selling price. Many of these will be exchanged and will bring in additional cash for Syquest in the short term. The dilution will continue, but so will inbound cash, probably enought to finance more losses for the next couple quarters. Regards - Dale BTW, Delisting takes time. Syquest was previously in trouble with the NASDAQ for quite some time and was able to avoid delisting with promises of meeting the requirements in the future, which of course they did. Just because a company does not meet the NASDAQ requirements for a quarter, doesn't mean they'll be automatically delisted.

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