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Technology Stocks : SYQUEST
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To: hankiba who wrote (6099)4/7/1998 7:33:00 PM
From: Michael Coley  Read Replies (1) of 7685
 
RE: What people forget...

Hankiba,

>> What people forget to realize is that for each warrant exercised, the company will recieve an average of $2.80 per share. This has the potential to infuse the company with cash. <<

But what other people forget to realize is that until the losses subside that infusion of cash is leaving just as fast as it is coming in. In the slide from 11 million shares to 80 million shares, they brought in about $200 million in cash. But that just went to offset the $200 million in losses over the same time period. It's all gone. All that remains in the dilution.

Until SyQuest increases sales significantly (like 3-5X) and returns to profitability, the dilution (without the benefit of the associated cash) will just continue.

- Michael Coley
- wwol.com
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