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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: Gary Wisdom who wrote (36296)11/18/1997 2:19:00 PM
From: KM  Read Replies (1) | Respond to of 58324
 
They're just trying to prop the stock up so they can dump it.



To: Gary Wisdom who wrote (36296)11/18/1997 2:24:00 PM
From: Rocky Reid  Read Replies (1) | Respond to of 58324
 
>>Hey Rocky, if Syquest is going to be a "home run", why are insiders
selling 40MM shares "as soon as practicable after registration"

Answer that for me.<<

Gladly. SYQT stock price will probably fall after full dilution. That is why I'm not in it right now. After the share price drops, I will probably pounce. The company has 2 great brand new products that have captured the interests of a lot of people (SparQ and QUEST, i liked rocket better). These products are available before Christmas. The company will survive. I am convinced of that. And as a result of the success of these products, the share price will rise again. The Pres. is selling now to cash in before the inevitable share price drop. These new products are "home runs", and we'll see how this ORB thingy works out. If there is any merit to the case, we may see a succesful injunction before any Orbs hit the shelf.