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 (6878)	7/15/1998 3:29:00 PM
From: JustMy2Cents	Read Replies (1) \| Respond to of 7685

Richard C. Kramlich sold 2,466,000 shares on 6/9 and 6/10 for $1.75 (Form 4 filed). This was on the heels of the announcement of the OEM partnership agreement with Compaq. Smart guy! This was an option-related sell. He now has 3,752,115 shares left. . . . Form 4: Statement of Changes in Beneficial Ownership The Form 4 is required any time there is an open market purchase, sale, or an exercise of options. It must be filed by the 10th of the month following the transaction and contains the details of all non-exempt transactions which exceed $10,000 during that month. Exempt transactions, such as gifts of stock, may be filed on the Form 4 or on the annual Form 5. Information included on this filing is the name of the insider, title, type of transaction, date of the transaction, amount of stock acquired or disposed, price, holdings after the transaction, and the nature of ownership. On the Form 4 or Form 5 an insider indicates when he has retired or exited from the company by checking the ''exit'' box on the filing. Once an insider retires/exits, he is required to report his transactions for only the next six (6) months.

To: Troy Shaw who wrote (6878)	7/15/1998 10:35:00 PM
From: Dale Stempson	Respond to of 7685

RE: >>> Just how many shares have converted from preferred to common since the last S-3? <<< Troy, I'm not certain if any of the preferred were converted. The 24 million share difference between the current issued and outstanding of 127 million and the previously estimated 103 million, could simply be the result of 12 million incentive shares added to 12 million common shares converted from warrants. In any case, there are now 127 million shares issued and outstanding and a minimum of 192 million shares accounted for (probably closer to 200 million). It also appears there are approximately 28 million warrants remaining to convert. SyQuest longs better hope the EdHeads don't use up all of this last resource prior to turning profitable. SyQuest and its management have been living on borrowed time (and money) for the past couple years now and IMO, if the SparQ doesn't turn things around by the end of this year, the free dilution ride will be over and SYQT might end up trading on the pinks. Regards - Dale