I don't have my notes with me, but from memory I believe Syquest has acknowledged at least 73 million shares outstanding and another 80 million pending warrants and options. (153 million total for full dilution calculations). These numbers are probably a couple months old, so I expect these to be minimum amounts.
It seems someone here had more recent info directly from Syquest IR and posted it on the thread. You might check back through the posts. Perhaps you might call IR directly and give us all the latest numbers.
Regards - Dale
BTW and FWIW, as far as what the company would be worth in case of a take over, your guess is as good as mine. In addition to accounting for a minimum of 153 million shares, one would have to review all the special deals and provisions Syquest and its management have arranged in case of a take over. I think Syquest could become a $400 million company within the next 24 months if every thing goes great. If the Edheads could get net profit margins up to let's say the 4% level, then we're looking at $16 million net profit, or about $0.10 a share (or less) fully diluted. Throw a 30 PE on that (for example) and you're at $3 a share. If one were to assume that a buyout implied that someone with big bucks were going after Iomega, then perhaps an offer price of $5 or $6 would be in order. Again, this is pure speculation and I have no experience whatsoever in attempting to value a take over.
Regards - Dale |
