SYQUEST Message Board - Msg: 2831963

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Technology Stocks : SYQUEST

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To: Ralph Bergmann who wrote (4855)	11/28/1997 10:47:00 AM
From: Dale Stempson	Read Replies (1) of 7685

Ralph, To recap: 240 million is currently the number of shares Syquest has "authorized" or "approved" for issue. The 143 to 150 million shares number is an estimate of current shares "accounted for" or in other words, isssued or reserved for issue by including vehicles like warrant and preferred stock conversions. 68 million is the current number of shares "outstanding" (as of 10/28). While we know that: conversions are continuing to occur at a rapid rate, shares outstanding are increasing, and Syquest has stated they will be seeking more financing by tapping into more of their newly authorized shares, I think it would be unreasonable to use the 240 million number in any estimate calculations. Regards - Dale

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