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: Mr. Sunshine who wrote (41169)	6/3/2003 9:50:01 AM
From: Duffeck	Read Replies (1) 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.>> a. Purchase of Notes. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 5 and 6, the Company shall issue and sell to each Buyer and each Buyer severally agrees to purchase from the Company the Notes in the principal amount set forth opposite such Buyer's name on the Schedule of Buyers (the "CLOSING"). The purchase price (the "PURCHASE PRICE") of the Notes at the Closing shall be equal to $1.00 for each $1.00 of principal amount of the Notes purchased (representing an aggregate Purchase Price of $23,000,000 for the aggregate principal amount of $23,000,000 of Notes to be purchased at the Closing). secfilings.nasdaq.com duff

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