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Technology Stocks : SYQUEST
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To: Troy Shaw who wrote (6933)8/5/1998 9:55:00 PM
From: Troy Shaw  Read Replies (1) of 7685
 
Taking today's closing price of 13/16 and the outstanding amount of preferred stock of $108,885,000 according to the latest S-3/A, with a 15% discount upon conversion, you get 157,661,538 shares from conversion alone.

(see www4.techstocks.com for more information.)

That assumes that all $108M worth of preferred has yet to convert. Based on the recent decline in the share price, however I suspect that some new shares have hit the market recently. The volume has certainly been up, and I don't know of any recent bad news.
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