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.

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

To: Troy Shaw who wrote (6824)	7/8/1998 4:18:00 PM
From: Troy Shaw	Read Replies (2) \| Respond to of 7685

Dale, RE: the predatory hedge fund posting... SyQuest has a no short selling agreement as part of three of the preferred stock offerings. Here are the conversion terms for one of the preferred stock offerings: Each share of Series 7 Preferred Stock may be converted into a number of shares of Common Stock at a conversion price which is the greater of (a) the arithmetical average of the closing sale prices of the Common Stock for the five consecutive trading days preceding the conversion, and (b) 90% of the closing sale price the day before the conversion, but in any event not greater than $3.00.

To: Troy Shaw who wrote (6824)	7/9/1998 1:49:00 PM
From: Dale Stempson	Respond to of 7685

RE: Financing >>> I still want to know where SyQuest's future financing is coming from. <<< Additional financing over the next 6 months will most likely come from the conversion of warrants. It may require the EdHeads to once again offer incentives to get the holders to convert. >>> If the stock drops to somewhere around 60-70 cents SyQuest can no longer convert the shares, because they are only authorized for 240M shares total. <<< I'm sure the EdHeads will have no problem asking shareholders to approve increasing the authorized, (besides, it's almost become an annual event and we wouldn't want to break tradition!). Regards - Dale