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

To: David Pawlak who wrote (6788)	5/15/1998 5:51:00 PM
From: Grantcw	Read Replies (1) \| Respond to of 10479

David and Barb, I've seen these things before. I think you're both right to an extent. Tricky terms... The 86% discount to market makes you think it is a floorless, but the 4.99% of the company terms makes you think twice. As I see it, the holder will convert up to its maximum (1 million or so shares) and then it will have to wait until Osicom issues more shares to convert the rest so that the 4.99% of the company will be more shares. Kind of floorless, kind of not. Grant

To: David Pawlak who wrote (6788)	5/15/1998 6:02:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 10479

"In no event shall a conversion result in a holder owning, or deemed of beneficially own, more than 4.99% of the then issued and outstanding common stock of Osicom" It does not say that's their maximum, just the maximum that they can own at any one time. It seems to me that if they dump the shares (or just cover their short position) after conversion, they can turn around and do it again. Even if I'm wrong, is there a prohibition on First Boston placing this with multiple holders? If there were 8 shareholders, wouldn't that then result in a potential of 8 million shares? How about 20 shareholders? Barb