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


To: David Pawlak who wrote (6814)5/18/1998 2:22:00 AM
From: Afaq Sarwar  Read Replies (2) | Respond to of 10479
 
David,

Thanks for explaining and clarifying this deal.

I have some additional question. I hope that based on your research on this deal you will be able to address them as well.

1. Is this investment coming directly from CSFB or some entity related but removed from them. The same question about who actually did the DD. I guess the reason for asking this question is that if it is CSFB directly, it will lend more prestige to the deal vs if it is from a removed entity. In that case it may appear that the name of CSFB is being used to enhance the image.

2. In the news release, Gorman was quoted as saying: ''This funding will be used in the roll out of our new products". However, the 8K filed by Osicom says that the funds will be used for general corporate purposes. Is this a discrepancy? Also, is this an important distinction. What precisely does this statement that ''This funding will be used in the roll out of our new products" means in your opinion? I have yet to figure out what deployment means.

3. Was the reaction by the market to this news about the investment by CSFB on Friday in line with your expectations?

4. How long does it take usually or typically to complete the registration filing for this type of deal, and for it to become effective? Assuming an honest and good faith effort by Osicom, I would like to know what type of time frame are we looking at. Is there a penalty if the registration does not become effective by a certain date.

5. It is my understanding that the filing for registration will contain the maximum possible number of shares that may be issued upon conversion. Will that number would be based on 19.99% or 4.99%.

Thanks again for your efforts to keep us informed.

Afaq Sarwar