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

To: Brian who wrote (6797)	5/15/1998 9:40:00 PM
From: Scott Ozer	Read Replies (1) \| Respond to of 10479

Craig will be chapter 7 soon, I expect him to post like a wild man on all the boards. He is being really stupid and showing his age, and shall learn the value of due dilligence. A lesson we all learn sooner or later. I expect ot have many posts from him on this, but I talk to the company and experts who understand more than he and I put together.

To: Brian who wrote (6797)	5/16/1998 8:45:00 PM
From: Brian	Respond to of 10479

Regarding the 8$ million debenture, I like the fact that there is a closing date on when the conversion price is calculated. If they try to force the price lower, they will only do so for six months, as "The conversion price after November 10, 1998 is the lesser of (i) above, (ii) above, and the average closing bid price for the common stock during the period of 22 trading days immediately prior to November 10, 1998. Any shares of Series C Preferred Stock unconverted as of May 14, 2001 are subject to mandatory conversion at the then conversion price." At this point in time, that may not seem like such a big deal, but as of November 10, 1998, any who might have shorted the stock to force the price down would cover and now try to bring the price back up since they no longer have anything to gain by a lower price. Infact they then have until May 14, 2001 to try to increase share value and can then convert for $7.99 or less. I am not that familiar with floorless debentures, but it seems to me that with other stock's these debentures hung over the company for years with, at times, devastating effects to the stock price. Brian