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

To: Charger who wrote (559)	5/15/1998 2:37:00 PM
From: Jason Flora	Read Replies (1) \| Respond to of 6847

Web site is up - just checked.

To: Charger who wrote (559)	5/15/1998 2:44:00 PM
From: CoffeePot	Read Replies (2) \| Respond to of 6847

At December 31, 1997, outstanding warrants pursuant to the IPO were 2,415,000 and outstanding warrants pursuant to the conversion of the November 1996 Debentures and the April 1997 Debentures were 1,431,427. These 3,846,427 warrants originally entitle the holder to purchase one share of the Company's Common Stock at an exercise price of $9.00 and expire on July 17, 1999. These warrants contain anti-dilution provisions that, upon issuance of the Series A Preferred Stock and the Series B Preferred Stock, have adjusted the number of shares that can be purchased with one warrant to $1.19, resulting in an effective exercise price of $7.55, and 4,583,402 shares that would be issued upon full conversion of the warrants.