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Technology Stocks : OSFT - Objectsoft
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To: Ie Coan Bie who wrote (24)5/2/1998 8:52:00 PM
From: Carl Wysocki  Read Replies (1) of 694
 
Abi, Wizard has pointed out the details of the warrants, but did
not mention that the company can call them if the stock hits
$7.80. They were overprice when OSFT was trading for $5-6,
and are probably even more overpriced now.

Let me know if you are seriously considering them--I'll put the
numbers in my valuation program. If you're interested in the company,
the common is a better play than the warrants. Besides, the warrants
have tended to trade at such excessive spreads, that it's hader to
make money on them than the common, which has been a challenge itself.

My concern about any potential financing is that it will be at a
significant discount to the market and the underwriters will skim off
10+% in fees plus warrants for their efforts.

Methinks OSFT needs a more reputable, less greedy underwriter.

Carl
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