Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (541)	7/15/1999 11:44:00 PM
From: Mr. Generic	Read Replies (2) \| Respond to of 694

TG: Are you referring to the OSFT Warrants? Could we be seeing the beginnings of a possible ramp up for a Warrant strip similar to IFLY's failed attempt 6 months ago ??? Exercising the Warrants would infuse nearly $20 million cash into OSFT's coffers: OSFTW Warrants Redeemable Class A Warrants 1,366,050 Form SB-2/A for OBJECTSOFT CORP filed on Aug 12 1998 Class A Warrants Each Class A Warrant entitles the holder thereof to purchase one share of Common Stock at an exercise price of $6.50 share (130% of the initial public offering price per Unit), subject to adjustment, until November 12, 2001.The Class A Warrants are redeemable by the Company at a price of $.10 per Class A Warrant on not less than 30 days prior written notice to the holders there of, provided the average closing bid quotation of the Common Stock as reported on GNOSTIC, if traded thereon, or if not traded thereon, the average closing bid quotation of the Common Stock if listed on a national securities exchange (or other reporting system that provides last sale prices), has been at least 130%of the then current exercise price of the Class A Warrants (initially, $8.45 per share), for a period of 20 consecutive trading days ending within 15 days of the date on which the Company gives notice of redemption. The Class A Warrants will be exercisable until the close of business on the day immediately preceding the date fixed for redemption.