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

To: Troy Shaw who wrote (6825)	7/8/1998 5:17:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 7685

SYQT is obviously is great danger of breaking below $1/share tomorrow (or the very near future). Once that barrier is broken, anything goes. SYQT will have achieved true penny stock status, and if previous posts are correct, make it very difficult if not impossible to convert more shares for cash. I have a question: How will filing for Bankruptcy affect operations? Do they cease immediately? Or can Syquest continue making and selling product as Bankruptcy proceedings get underway? The final nail will be when Castlewood Systems releases Orb later this month or August. Man, SYQT would have been a great short when it popped above $6 awhile ago. Woulda Shoulda Coulda.

To: Troy Shaw who wrote (6825)	7/9/1998 2:02:00 PM
From: Dale Stempson	Read Replies (3) \| Respond to of 7685

RE: >>> SyQuest has a no short selling agreement as part of three of the preferred stock offerings. <<< Short interest increased by about 3 million shares last month. Someone is doing some significant shorting and we know the average SYQT investor/trader is not a factor with the share price at recent levels. I'm not a professional, but I do believe there are many ways to skin the cat. If the big boys want to short, I suspect they'll find a way. In addition, as your comment implies, not all the preferred stock offerings include a no short selling agreement. Regards - Dale