Sector- let's leave personal stuff out of this.
Here is where I am coming from. MRVC rushed and mangled a series of events to complete the sale of convertible bonds through Prudential.
Unfortunately, the stock price got murderized (to speak technically, it was "totally murderized") very shortly after that. I now believe the timing of these events was a coincidence, but I have held other views in the past, in my darkest MRVC days.
What was that cash raised for? I assume it was NA, Charlotte, and HyperChannel.
So, MRVC stock price was worth bupkus (that's about 2.2 metric bupkus, for our European readers) but they had some great ideas, a chunk of cash, engineers, technology, and MRVC floor space.
MRVC incubated Charlotte and NA, that's pretty well documented. In return, MRVC got a majority part of the pies, as you mentioned.
Well, in my opinion, those pies were going to be 100% MRVC divisions, until the stock price fell off a cliff, making MRVC stock an almost valueless currency.
It's not clear to me exactly what I would get as an MRVC investor if New Access was spun off for a market cap of $1Billion. I expect the MRVC share price would rise in anticipation of the IPO, then languish as the investor mindshare goes to the spin-off. The usual pattern. Not the business model I had been thinking about for MRVC. I need to rethink.
As you can see, I am not offering facts. I'm asking questions. Mostly of myself. Somebody knows, but they won't talk about it.
At it's most basic- what is MRVC's strategic plan for all these pieces? How does it affect the price of MRVC?
WebDrone |
