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Technology Stocks : SYQUEST

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To: peter gucker who wrote (4844)11/26/1997 4:06:00 AM
From: Dale Stempson   of 7685
 
LOL - Peter, since that didn't "shock" you, perhaps this will:

In Syquest's 11/14 S-3 SEC filing they state:

"as of October 27, 1997, a total of approximately 75.2 million shares of Common Stock would be issuable to holders of all outstanding preferred stock, warrants and options."

And, in their 11/12 press release titled "SyQuest Stockholders Approve Measures at Special Meeting" they state:

"The total number of common shares outstanding as of Oct. 28, 1997 was 68.4 million shares."

At a minimum, adding the two figures above, Syquest has now accounted for a "shocking" 143.6 million shares of the just approved 240 million authorized. (and this data is now a month old).

Regards - Dale
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