MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: Sector Investor who wrote (16781)	11/11/1999 1:51:00 PM
From: akmike	Read Replies (1) of 42804

Sector-You are right conversion is different than the call feature. Essentially, the owners of the debentures can convert whenever they want. Why would they want to if the price was below or if they are getting income from the debenture and no dividends on the common? Therefore, the callable provision allows the company to force conversion once the share price gets high enough. Best regards, Mike

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