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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: akmike who wrote (32044)5/16/2001 8:24:41 PM
From: Duffeck  Read Replies (1) of 42804
 
mike OK thanks but

What forces the bondholders to take any action prior to the LMNE stock distribution. What would happen if MRVC is trading at less than $13.52 and MRV management does not call the converts and the bond holders do nothing initially but later try to convert after the LMNE stock distribution has occurred. Is this even a possible scenario? A variation would be the situation where MRV's stock price is greater than $13.52. I guess I just don't yet under this bond thing. Is there any way the stock distribution can occur with MRV trading at less than $13.52? Must the bonds either be called or converted prior to the distribution? As a recall Noam said bonds did not need to be called or converted. Is this correct? Lots of questions.

duff
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