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: mahler_one who wrote (41168)	6/2/2003 1:38:02 PM
From: Mr. Sunshine	Read Replies (2) of 42804

The release said that $23M was being raised, but what if the price of each convert, and how many are being sold? Sorry if this was included and I missed it, I am not that familiar with convertibles. I veiw converts as essentially the same as options, expect the owners get paid interest until the convers are traded in for stock. Is this correct? If so, the big question is how much per share is the buyer paying in order to get 5% interest and the option to buy MRVC stock at $2.32? I also wish MRVC would have let current shareholders in on this.

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