SYQUEST Message Board - Msg: 4453866

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Technology Stocks : SYQUEST

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To: Dale Stempson who wrote (6386)	5/14/1998 9:53:00 AM
From: Michael Coley	Read Replies (2) of 7685

RE: Trading Strategy. Dale, One thing to keep in mind is that as the stock price drops substantially below $3, the warrant conversions (i.e. SyQuest's main cash source) disappears. As a result, they will be forced to pursue new financing and offer considerably better incentives for warrant holders to exercise. At $2, the dilution will likely increase at a rate of at least 50% faster than it did at $3. This deadly spiral will be very hard to stop. I'm feeling more and more comfortable with my prediction (about a month ago on Yahoo SYQT thread) that SYQT will be below $1 within 6 months. - Michael Coley - wwol.com

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