Gary, all due respect, I do not believe that Harper is selling. Instead it looks like a consortium of investors are redeeming shares. Very early in the 8-K "Registrant" is defined as Syquest, and they then refer to the "selling stockholders." The "Selling Stockholders are listed below:
" The information included below is based upon information provided by the Selling Stockholders. Because the Selling Stockholders may offer all, some or none of their Common Stock, no definitive estimate as to the number of shares thereof that will be held by the Selling Stockholders after such offering can be provided and the following table has been prepared on the assumption that all shares of Common Stock offered under this Prospectus will be sold. Name Shares of Common Shares of Shares of Common Beneficially owned Common Stock Beneficially Prior to Offering being owned After (1)(2) offered Offering (2) Bain & Company 513,649 513,649 0 , Inc/(4) CC Investments 8,550,861 5,550,861 0 LDC/(5) Capital Ventures International/(5) 3,775,431 2,775,431 0 RGC International Investors, LDC 7,329,936 5,550,861 0 (5)(6) Nelson Partners 4,369,881 5,988,498 0 (5)(7) Olympus Securities 6,927,512 7,319,276 0 , Ltd.(5)(7) Multiple Import 1,481,481 4,981,481 0 Export, Ltd.(5) Jayhawk Investments 0 3,736,429 0 L.P. (8) Jayhawk Institutional 0 1,046,296 0 Partners(8) The Silikahn Route 0 254,428 0 (9)(10) Silicon Valley Bank 0 166,667 0
(10) Greyrock Business Credit 0 333,333 0 (10) Wharton Capital Partners 14,420 1,804,347 0 (10)(11) Total 33,296,504 40,021,557 0 |