Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gary Wisdom who wrote (47534)	2/11/1998 4:58:00 PM
From: E. Graphs	Respond to of 58324

Yes. It's very very sad.........very very very sad.

To: Gary Wisdom who wrote (47534)	2/11/1998 4:58:00 PM
From: Michael Coley	Read Replies (4) \| Respond to of 58324

RE: SyQuest Cash as of 12/31/97. >> I feel sorry for any Syquest investors. This company had $12MM in cash on December 31. They'll be bankrupt very, very soon. << What's funny is that they started the quarter with $7 million, lost $39 million, and ended up with $12 million. How did they do that, you ask? Where did the other $44 million come from? Dilution of their stock. Warrant exercises. The current shareholders are getting soaked. - Michael Coley - wwol.com