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Technology Stocks : Osicom(FIBR)
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To: Lei Zhu who wrote (3616)12/17/1997 8:20:00 PM
From: lisa  Read Replies (2) of 10479
 
>>What stock option deal did Par made?<<

Lei Zhu,
In the form 10-QSB quarterly report ended July 31, 1997, Page 31 under liquidy and capitol resources states:

The Company through private placements of its convertible preferred stock and its 8% callable, convertible debentures raised net proceeds of 32.4 million during the six months ended July 31,1996. Warrants to purchase 342,041 shares of common stock at prices form $8.13 to 18.00 were also issued in these placements.

The Company through private placements of its common stock and convertible preferred stock raised net proceeds of $11.7 million during the six month ended July 31,1997. Warrants to purchase 75,000 shares of common stock at $8.00 and callable warrants to purchase 782,888 shares of common stock at $7.50 per share were also issued in these placements.
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