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


To: Michael Coley who wrote (47497)2/11/1998 11:24:00 AM
From: Michael M  Respond to of 58324
 
I have never trusted Dunn. IMO, he's the problem, not KE. We need some explanations about this reported stock sale. I wonder if IR would offer a comment. Also, I have never liked the fact that the board authorized something like 400MM shares...anyone have an idea of what the board might do with the extra 150 MM shares or so that are laying around? REMOVE DUNN NOW!



To: Michael Coley who wrote (47497)2/11/1998 11:40:00 AM
From: Ben Antanaitis  Read Replies (1) | Respond to of 58324
 
MC,

Not sure why you draw this conclusion. It looks to me that one of the partners (DP) left the 'group' and that they all had to restate their positions re the 23MM share 'jointly' held by the group. It looks like a 'last person breathing takes all' sort of partnership and that means they each are the 'beneficial' owner of the whole pie if the others fall off of the planet.

I missed the math re 10MM, where did you see it in the filing?

Ben A.

PS Too many numbers, too many lawyers.