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


To: craig crawford who wrote (7948)8/12/1998 1:16:00 PM
From: Bryon Bothun  Read Replies (2) | Respond to of 10479
 
>>What is to prevent CSFB or whomever from converting a portion, selling them after
they convert so they aren't a beneficial holder of them anymore, and then converting
some more?<<

>>In no event shall a Purchaser be permitted to convert any Purchaser Preferred
Shares in excess of the number of such shares, upon the Conversion of which:

(a) the number of Conversion Shares to be issued pursuant to such Conversion,
when added to the number of shares of Common Stock issued pursuant to all prior
Conversions of Purchaser Preferred Shares would exceed 19.99% of the number of
outstanding shares of Common Stock on the Issue Date relating to the Purchaser
Preferred Shares<<