Hi John,
I can't answer your message:
>> Fletcher filed an Schedule 13G on 2/14 to report his ownership of 1.5 M shares. I would guess this indicates that these Reg. D shares are no longer locked up, and he can start selling them. Anybody have an opinion?
The only thing I can offer is something from the S-3 registration statement they filed on December 2, 1996. This is in the "CONVERTIBLE SECURITIES, WARRANTS AND OPTIONS; POTENTIAL DILUTION AND ADVERSE IMPACT ON ADDITIONAL FINANCING" section:
"...In addition, on November 13, 1996, SyQuest sold to an investor an additional 1,500,000 shares of Common Stock that will become freely tradeable, subject to compliance with applicable securities laws, on approximately February 12, 1997. As part of this same transaction, the Company isssued a warrant that will become exercisable for between 375,000 shares and 1,875,000 shares of Common Stock, depending on a number of factors...."
any typo's in the preceeding are mine not SyQuest's.
address of the document referred to above:
di.disclosure.com
Regards
Emory |
