Has anyone had this effect with an .obj object (exported from LW 8.3) when importing and viewing it as a wireframe in V5i (with the 5.09 beta patch installed) - i.e the wireframe is all over the place (though it renders fine, as you can see in the preview image, its just a mongrel to deal with when positioning things relative to it). I've had this happen with a fair few obj's exported from Lightwave, but it doesn't do it with .lwo files.
Dreams are just nightmares on prozac...
Digital
WasteLanD