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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: mr. ed who wrote (5804)	3/7/1998 5:13:00 PM
From: Stewart V. Nelson	Read Replies (1) \| Respond to of 10479

mr. ed <<<Hello, Well the way I see it Osicom had a in the black quarter>>> Are you sure? We need to see what they capitalized (put on the balance sheet rather than expensed.) and whether it makes sense for them to do that. We will know more when we can read the entire 10Q. Looks to me like they capitalized some software cost. That may or may not be appropriate. Also here are some of the new shares listed in the last 10Q: PRIVATE PLACEMENTS - During the nine months ended October 31, 1997, the Company issued 824,093 common shares and warrants to acquire 782,888 common shares at $7.50 per share expiring three years from issue receiving net proceeds of $5,528. The holders have the right to request additional shares ("price adjustment shares") to be issued by the Company to the extent that the five day average trading price of the shares issued in these transactions is below $7.50 per share at the time of the request; such request may be made only once with respect to the original shares which have been held continuously by the holder from the original issue date. In the event a price adjustment is requested the related warrant exercise price is adjusted to the lesser of $7.50 or 125% of the market value used for purposes of calculating the price adjustment shares. Holders of 724,093 shares requested reset shares during three months ended October 31, 1997 and an additional 711,412 shares were issued. Holders of 100,000 shares have requested reset shares and an additional 203,030 shares were issued subsequent to October 31, 1997. The exercise price of warrants to acquire 782,888 common shares were reduced to $3.09 to $4.88 per share of which 390,000 were exercised during December, 1997. In addition, the Company issued 437,630 common shares receiving net proceeds of $1,028 during the three months ended October 31, 1997. This is how they issue more shares without raising cash! regards Stewart V. Nelson