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Technology Stocks : SYQUEST
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To: Troy Shaw who wrote (6929)8/5/1998 9:29:00 AM
From: hankiba  Read Replies (2) of 7685
 
Yes, you are miscalculating. If you read the registration you would note that the company takes 150% of the shares it needs as of the registration date. This is to take into account the possibility of the share's value going down. It is pretty easy to understand that the SEC requires the companies attorney's to provide a cushion of shares available for the convertible preferred shares and this is what this 44 million shares represent. At the price of the stock at the time the registration was filed, it would have been 30.5 million shares. Now with the stock falling, 40 million is more accurate.

Please read more carefully before calculating.

Hankiba
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