John G.,
It looks like SyQuest is going to do a reverse split for us, but they aren't being really nice and getting the price back up above $5.
Maybe there idea is to minimize the shorting that will occur, by limiting it to those institutions that can short below $5 (including their preferred share holders.)
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NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
----------------
TO BE HELD ON OCTOBER 7, 1998
TO OUR STOCKHOLDERS:
NOTICE IS HEREBY GIVEN that a Special Meeting of Stockholders of SYQUEST
TECHNOLOGY, INC. (the "Company"), a Delaware corporation, will be held on
October 7, 1998, at 10:00 a.m., Pacific Daylight Savings Time, at the
Company's principal executive offices at 47071 Bayside Parkway, Fremont,
California 94538, for the following purpose:
1. To approve an amendment to the Company's Restated Certificate of
Incorporation to effect a reverse stock split of one share of Common Stock of
the Company for every five to ten shares of Common Stock that are issued and
outstanding, with the precise number of shares to be converted to be
determined by the Company's Board of Directors at a later time. |
