For verification, here's a brief rehash of the shares issue as of a month ago:
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 had already "accounted for" 143.6 million shares of the 240 million authorized. (BTW, the vote to increase to 240 million was held November 5th).
Actually, there is additional information available to suggest the number is now well over 150 million shares, but this should get the point across.
Regards - Dale |
