SYQUEST Message Board - Msg: 4680434

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Technology Stocks : SYQUEST

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To: Dale Stempson who wrote (6497)	6/1/1998 11:40:00 PM
From: Michael Coley	Read Replies (1) of 7685

RE: SyQuest not going bankrupt any time soon? Dale, >> IMO, SyQuest won't be going bankrupt any time soon. They have enough cash to finance operations for another few months and there are still millions of warrants out there waiting to be converted. << Is your recent purchase clouding your judgement? As they're ramping production and increasing shipments and inventory, you know they will have additional capital requirements. How long has SYQT been under $2 3/4? You know that there haven't been any warrant conversions under that price. It's very unlikely that the EdHeads will pursue more special deals or financing until after the shareholder meeting. They've got to be running VERY tight on cash. Call up some of their vendors and see when they were last paid. I bet it's been a while. Even when they do manage to induce warrant holders to exercise, the dilution will make prior quarterly dilutions pale in comparison. I think you'll probably get out of your position with a slight profit, but you're playing with fire here. Be very careful. JMHO. - Michael Coley - wwol.com

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