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Technology Stocks : Osicom(FIBR)
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To: Mama Bear who wrote (7934)8/12/1998 10:40:00 AM
From: Bryon Bothun  Read Replies (1) of 10479
 
>>No. This is witnessed by the fact that they continue to do floorless convertible financing schemes. The last one was in May '98.<<

Barb,

Par was asked about this on the last CC. The CSFB issue is NOT floorless. There is a 5% limit on the conversion per holder. The limit is 716,000 shares or $11.17 per share unless other shares are issued before conversion. If one holder converts before the other it will increase the outstanding shares and allow for a lower conversion for the other. I have called CSFB to verify that this is correct but have not heard back from them yet.

Bryon
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