TG: Are you referring to the OSFT Warrants?
Could we be seeing the beginnings of a possible ramp up for a Warrant strip similar to IFLY's failed attempt 6 months ago ??? Exercising the Warrants would infuse nearly $20 million cash into OSFT's coffers:
OSFTW Warrants Redeemable Class A Warrants 1,366,050
Form SB-2/A for OBJECTSOFT CORP filed on Aug 12 1998
Class A Warrants Each Class A Warrant entitles the holder thereof to purchase one share of Common Stock at an exercise price of $6.50 share (130% of the initial public offering price per Unit), subject to adjustment, until November 12, 2001.The Class A Warrants are redeemable by the Company at a price of $.10 per Class A Warrant on not less than 30 days prior written notice to the holders there of, provided the average closing bid quotation of the Common Stock as reported on GNOSTIC, if traded thereon, or if not traded thereon, the average closing bid quotation of the Common Stock if listed on a national securities exchange (or other reporting system that provides last sale prices), has been at least 130%of the then current exercise price of the Class A Warrants (initially, $8.45 per share), for a period of 20 consecutive trading days ending within 15 days of the date on which the Company gives notice of redemption. The Class A Warrants will be exercisable until the close of business on the day immediately preceding the date fixed for redemption.
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