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Technology Stocks : SYQUEST
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To: Troy Shaw who wrote (6824)7/8/1998 4:18:00 PM
From: Troy Shaw  Read Replies (2) of 7685
 
Dale, RE: the predatory hedge fund posting...

SyQuest has a no short selling agreement as part of three of the preferred stock offerings. Here are the conversion terms for one of the preferred stock offerings:

Each share of Series 7 Preferred Stock may be converted into a number of shares of Common Stock at a conversion price which is the greater of (a) the arithmetical average of the closing sale prices of the Common Stock for the five consecutive trading days preceding the conversion, and (b) 90% of the closing sale price the day before the conversion, but in any event not greater than $3.00.
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