SYQUEST Message Board - Msg: 4959652

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Technology Stocks : SYQUEST

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To: Troy Shaw who wrote (6728)	6/22/1998 10:12:00 AM
From: JustMy2Cents	Read Replies (2) of 7685

44.7 million shares will not hit the street as per your interpretation of the S-3 filed on 6/11/98. If you look at the S-3/A filed 2/25/98. 45.8 mn shares were offered. Compare the two and you will see the beneficiary owners prior to conversion are mainly the same. In other words, most of the investors in Syquest have not sold in the past, and in my opinion the will not sell now. The latest S-3 is basically lowering the price for which the beneficiary owners may "buy" the shares at. It was $2.61/share in the 2/25/98 S-3/A and it is now $1.4375 due mainly to the fall in the common shares in the marketplace. Regards,

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