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: Greg h2o who wrote (41769)	12/10/2003 10:12:55 AM
From: tim_h	Read Replies (2) of 42804

Take a look again, the converts have a fixed price of $2.32. I couldn't find any time constraints on the conversion and IR refused to answer any of my e-mail inquires on the subject. As far as I can tell the convert holders can demand shares at anytime and sell them. If they were able to sell their 9.9mil shares at these levels they could make close to $10mil on a $23mil loan with a duration of 6 months. Close to double their 5 years interest.

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