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

To: Scott Ozer who wrote (6759)	5/15/1998 6:42:00 AM
From: craig crawford	Read Replies (2) \| Respond to of 10479

<< I think the terms are convert at 7-9 dollars so only about 1 million shares >> How do you know? Please share your source. Osicom is famous for floorless convertibles. Who is going to cough up $8 million to Osicom knowing that the share price has to double before they can convert? Guaranteed that it's a floorless or Osicom ends up changing the terms in the future. They've lowered the conversion price on financing arrangements before, let's see if they do it again. In fact didn't they just reset some warrants to a lower price? Must have been low on cash that week. Looks like it's time to reprint this article so people can read about what Osicom is doing to their shareholder equity: Stocks: A Catalyst of Collapse? "Death-spiral convertibles" leave companies twisting. bloomberg.com