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: Dee Jay who wrote (9034)	6/15/1998 10:24:00 PM
From: WebDrone	Read Replies (2) of 42804

Insider buying usually req'd by investment bankers for $. Dee Jay- one crappy little company I worked for needed a bank deal. Part of getting the money was the President/CEO and VP of Sales both had to buy "significant" shares and hold them until certain terms were met, to demonstrate good faith. These guys had a lot on the line, because the shares came from their personal monies. Attitudes at the top changed much for the better when screw-ups were painful and frightening. It is very likely that MRV's executive buying was a condition of a Pru financing deal. Either way, I'm buying cheap shares. But it sure is scary doing it! R.

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