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Technology Stocks : Osicom(FIBR)
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To: Mama Bear who wrote (6785)5/15/1998 5:10:00 PM
From: David Pawlak  Read Replies (2) of 10479
 
"In no event shall a conversion result in a holder owning, or deemed of beneficially own, more than 4.99% of the then issued and outstanding common stock of Osicom"

How do you consider this floorless??? Assuming approximately 21 million shares outstanding, I understand this to mean that a maximum of 1.048 million shares would be issued (4.99%), assuming that 21 million was the amount of shares outstanding when converted. That sure looks like a floor to me!

I've only read through this first page so far, but that's how I see it so far....I'll comment more this weekend.
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