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Technology Stocks : SYQUEST
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To: Troy Shaw who wrote (6905)7/31/1998 5:39:00 AM
From: Dale Stempson  Read Replies (3) of 7685
 
>>> ...increase in outstanding shares came from newly issued stock as an incentive to entice warrant holders... <<<

What's truly disturbing is that it appears the EdHeads will be forced to continue this dilution method of financing, and as the share price drifts lower, any new incentive shares will likely grow in volume to compensate. The recent doubling to 240 million shares authorized seemed like an infinite supply at the time, however today the remaining unissued may not even be enough to prompt the conversion of outstanding warrants. 480 million and a reverse split anyone? Oppenheimer is going to earn their fee, (and I doubt they'll be taking shares instead of cash).

Regards - Dale
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