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Technology Stocks : SYQUEST

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To: Troy Shaw who wrote (6825)7/8/1998 5:17:00 PM
From: Rocky Reid  Read Replies (1) of 7685
 
SYQT is obviously is great danger of breaking below $1/share tomorrow (or the very near future). Once that barrier is broken, anything goes. SYQT will have achieved true penny stock status, and if previous posts are correct, make it very difficult if not impossible to convert more shares for cash. I have a question:

How will filing for Bankruptcy affect operations? Do they cease immediately? Or can Syquest continue making and selling product as Bankruptcy proceedings get underway?

The final nail will be when Castlewood Systems releases Orb later this month or August. Man, SYQT would have been a great short when it popped above $6 awhile ago. Woulda Shoulda Coulda.
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