MRV Communications (MRVC) opinions? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

-0.1%

Aug 15 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J. Conley who wrote (29777)	2/16/2001 8:11:37 PM
From: architect*	Read Replies (2) of 42804

Hello J. I've been out of town this week did I miss anything? IMO the recent rise in LMNE share price is due to institutional buyers like FMR, Pilgram Baxter, Vanguard, Abbott the www.compnaysleuth.com website (site currently crashed) reports daily institutional activity and on 2/14 showed FMR building a new position. MRVC recent 13G filing reports MRVC has ownership of all 144 millions restricted shares in float. Everyone else owns some of the 12 million shares offered in the IPO. From the LMNE S-1, there are "purchase options" offered to the underwriters. These purchase options are offered at a discount to the market. The only dilution of LMNE I know of MRVC was 100% owner of LMNE so there were no LMNE shares offered in a private placement or pre-ipo financing. The owners of the 3 companies that became LMNE were paid in MRVC shares so their are no restricted shares or potential dilution from MRVC's purchase of LMNE. From what I see the debt associated with the purchase of LMNE has diluted MRVC and in part may be responsible for MRVC's discounted valuation. ??? IMO MRVC made a very good deal for "us" on LMNE, without the huge dilution after 180 days associated with unlocking restricted shares obtained in pre- IPO financing. How do you see this? The market doesn't appear to agree with me. Compared this to NUFO. NUFO recently unlocked $41 million restricted shares from private placements. My guess is those 41 million shares have a cost of $3 - $6 and are now being unloaded at $35 for 1000% profit. NUFO unlocked another 3.5 million shares from their secondary public offering. 80% of the NUFO shareholders received their shares at a 90% discount to the current market price . Almost everyone that purchased NUFO IPO shares is underwater. Do you see the dilution associated with a typical unlocking of restricted shares any differently than spinning those restricted LMNE shares to MRVC shareholders and letting them sell? Will our spin-off shares be restricted? john

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next