Martin, I think that this means (if toybiz wins) we shareholders will receive one warrant for each share of stock held that is excersizable to buy into the new company - toybiz & mrv combined, hopefully called Marvel, at the $9.625 p/sh. The warrants will trade publicly, and the price of the warrant will depend upon the value of the new company as reflected through the new stock price. Toybiz is now at around $8 p/sh, and if with mrv (combined as the new company) they are valued above the $9.62, then the warrants will trade for a premium, if below then a discount, very similar to an option with a strike price of $9.62. I fully agreee with Mr. Leniczek. There is incredible underlying value in Marvel, and 'rolling the dice' as he says may be risky, but the potential reward far outweighs the risk - imho, Buy Now and get your warrants later as The Hulk, The Thing, Spiderman, and the Fantastic Four all beat Perelman to a slow death, as he did the shareholders of MRV. Yeah Baby!!
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