SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Osicom(FIBR)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wally Mastroly who wrote (8148)8/26/1998 1:14:00 PM
From: Ploni  Read Replies (2) of 10479
 
Per RagingBull poster:

6.228 million shares will be outstanding, implying $31.141 million valuation for new company -- isn't that about the same as Osicom's current valuation?

Underwriter will receive 7%, or $1.016 million.

IPO will float 2,905,000 shares, or 46.64% of the float. Will Osicom retain the rest?

Can someone please post more details:

a) What is the record date for being granted the rights?
b) Is that 3 shares pre-reverse-split or post-reverse-split?
c) Who will the managers and directors be? What will Par's involvement be?
d) Why is it priced at $5/share? (Possible answers: They don't want to let Craig short the issue above 5; They want it to drop below 5 so they can do a reverse-split to make it more attractive to the NASD and institutional investors.)
e) Are all of the shares being offered by the new company, or are some coming from Osicom insiders?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News