Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mama Bear who wrote (2301)	8/31/1998 12:32:00 PM
From: Ronald D. Stange	Read Replies (1) of 18998

Barb: Just for the record those 500K shares sold by management on 9/27 were announced on Wednesday, June 25, 11:35 PM EDT when MRVC press release states "MRV Communications files for offering of 2.555M shares of common stock"..."2M shares are being offered by the company and 550,000 shares by certain shareholders". MRVC stock on 6/27 was 29 5/16. I don't think that officers of a company that receive $100K salaries and hold many millions of shares (can't locate exact number) may not, at times, sell shares (stock options) as a reward for stock appreciation. Ron However, if they sold in August of this year, I will really be very upset. Will know soon.

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