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


To: Joseph Hoane who wrote (7961)8/12/1998 4:55:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 10479
 
Joseph, they can exceed the 19.99% with shareholder approval. If the price continues lower and such approval is not given, Osicom will be forced to come up with the cash to satisfy the remaining convertibles. The problem is that they can't even start conversion until November if I recall correctly. I'll have to reread the filing though.

Barb