Marvel Entertainment (MRV) - Turnaround in Sight! Message Board

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Non-Tech : Marvel Entertainment (MRV) - Turnaround in Sight!

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To: Eric W. Richesin who wrote (179)	11/28/1997 10:15:00 PM
From: Martin Wormser	Read Replies (3) of 251

Eric, I don't think the stock will be $15. Seems like the common stockholders will get to buy more (whoopie) at 9 5\8. I think that is what the price will be trading. The unsecured creditors (who are they) can get the stock at $15 no matter what it's trading at. It could be $25 a share. Just taking a stab at it. Really don't know. Might ask a stockbroker on Monday. I for one will not waste any more money with this loser. It's cut the losses time. martin <<<<<<<<<<<Toy Biz said Marvel's prepetition unsecured creditors will receive warrants exercisable for two years to purchase common stock at $15 per share, giving them a potential four percent ownership in the new company. Under the Toy Biz plan, Marvel stockholders would receive subscription rights that could be exercised prior to closing to buy stock for $9-5/8 per share, giving them a potential eight percent ownership stake. >>>>>>>>>>>>

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