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Technology Stocks : OSFT - Objectsoft -- Ignore unavailable to you. Want to Upgrade?

To: Ie Coan Bie who wrote (24)	4/29/1998 9:05:00 AM
From: Wizard	Read Replies (1) \| Respond to of 694

I had posted this info here in this forum a while back. Go back thru the previous posting to this list and see the details. I am not in the office (am at a conference in Orlando this week). I found it: To: +Stefan Gruenwald (3 ) From: +Wizard Friday, Feb 27 1998 9:24AM ET Reply # of 25 Did some homework, the expiration date on OSFTW is 2001 and the strike price is $6.50. The original IPO was at 4.00 common, .50 warrants It is right now trading at 2.34 common (has been up to $6.375) The warrants are trading at $0.56 (has been up to $1.625)

To: Ie Coan Bie who wrote (24)	5/2/1998 8:52:00 PM
From: Carl Wysocki	Read Replies (1) \| Respond to of 694

Abi, Wizard has pointed out the details of the warrants, but did not mention that the company can call them if the stock hits $7.80. They were overprice when OSFT was trading for $5-6, and are probably even more overpriced now. Let me know if you are seriously considering them--I'll put the numbers in my valuation program. If you're interested in the company, the common is a better play than the warrants. Besides, the warrants have tended to trade at such excessive spreads, that it's hader to make money on them than the common, which has been a challenge itself. My concern about any potential financing is that it will be at a significant discount to the market and the underwriters will skim off 10+% in fees plus warrants for their efforts. Methinks OSFT needs a more reputable, less greedy underwriter. Carl