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Technology Stocks : Osicom(FIBR)
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To: Bryon Bothun who wrote (7085)6/2/1998 10:26:00 AM
From: Bryon Bothun  Read Replies (2) of 10479
 
(a) Optional Redemption. If during any period of ten (10) consecutive Trading Days, the average Closing Bid Price for the Common Stock is less than $3.50, the Corporation shall have the right to redeem all of the outstanding Preferred Shares (other than those Preferred Shares with respect to which a Conversion Notice has been submitted to the Corporation prior to the Optional Redemption Date (as defined below), in which case such Preferred Shares shall be converted into Conversion Shares in accordance with this Certificate of Designation) in same day funds at the Optional Redemption Price (as defined below) (an "Optional Redemption"), to the extent permitted by applicable law and so long as the Corporation delivers to each Holder written notice hereof (an "Optional Redemption Notice") on or before 11:59 Pacific time) on the Business Day immediately prior to the date on which such Optional Redemption is to be effected (the "Optional Redemption Date") and, at the same time that it delivers such notice, the Corporation shall confirm delivery thereof with each holder by telephone, either personally or by voicemail message.

This sounds pretty open-ended to me. We've closed below 3.5 for the last 7 days. I say three more and FIBR is in a pretty good position. Don't expect any news before Friday.

Bryon
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