OSFT - Objectsoft Message Board

STOCKTALK

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 : OSFT - Objectsoft

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: d. alexander who wrote (386)	3/19/1999 9:50:00 AM
From: BigWave Dave	Read Replies (1) of 694

The details need some research, particularly the comment regarding the series D from last December, 1998. Yet I did like these statements: The financing was arranged in part to meet early demand for the Company's FastTake(TM) product. The Series E Preferred Stock is convertible into the Company's common stock at the original closing date's market price for the common stock, subject to possible reduction under a formula keyed to market prices during a look back period of up to 30 days prior to conversion. The resale of the common stock is restricted and subject to registration with the Securities and Exchange Commission. Because of this $2 million financing, the Company will not draw down any additional amounts, or issue any additional shares, under the Company's previously announced Series D Convertible Preferred Stock financing which was first consummated in December 1998. ''This financing strengthens ObjectSoft financially, and is expected to provide us with the necessary resources to continue to execute our business plan,'' said David E.Y. Sarna, Chairman and Co-CEO of ObjectSoft.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next