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Technology Stocks : SYQUEST -- Ignore unavailable to you. Want to Upgrade?

To: peter gucker who wrote (4844)	11/26/1997 4:06:00 AM
From: Dale Stempson	Respond to of 7685

LOL - Peter, since that didn't "shock" you, perhaps this will: In Syquest's 11/14 S-3 SEC filing they state: "as of October 27, 1997, a total of approximately 75.2 million shares of Common Stock would be issuable to holders of all outstanding preferred stock, warrants and options." And, in their 11/12 press release titled "SyQuest Stockholders Approve Measures at Special Meeting" they state: "The total number of common shares outstanding as of Oct. 28, 1997 was 68.4 million shares." At a minimum, adding the two figures above, Syquest has now accounted for a "shocking" 143.6 million shares of the just approved 240 million authorized. (and this data is now a month old). Regards - Dale

To: peter gucker who wrote (4844)	11/26/1997 4:33:00 AM
From: Dale Stempson	Read Replies (1) \| Respond to of 7685

Peter, BTW, re-reading the 11/12 press release "SyQuest Stockholders Approve Measures at Special Meeting" I noticed the following statement: "Of the increased shares, approximately 32 million shares will be used to satisfy warrant commitments from prior financing rounds." This would tend to imply that my previous number may be low. If 32 million of the increased shares were needed, then shares accounted for may be 152 million or more. Regards - Dale Ref press release: biz.yahoo.com BTW, In addition, there were 4 million shares just recently approved for the new Syquest employee incentive plan retroactive to July. The EdHeads each get a million shares, other execs split 1,560,000 shares and the employees share 265,000 shares. And... Syquest hasn't even started to use the new shares to obtain additional financing (as it plans to do).