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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: xclently who wrote (518)	5/15/1998 11:06:00 AM
From: jerryriti	Read Replies (1) \| Respond to of 6847

As near as I can tell, XYBR can put the stock to the investment bankers in order to raise funds...the investors were given warrants at a minimal price which I am sure have been flipped and that is their hedge. Now XYBR will put the stock when the need arises using an average price over a specific period of time! Obviously, these lenders are not stock speculating so they will be able to hedge and are no doubt covered by original profits....OK, I probably have it upside down and right side up, but can anyone offer any clarification. XYBR needed financing and may have been extremely creative in arrangements, but CEO did not seem willing to address question. Could have been taken unawares! Good luck to us all! Bit of a problem reading filing on freeedgar as I have to scroll each line from left to right. Any cure for that difficulty!