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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: NDBFREE who wrote (27268)11/6/2000 11:16:57 AM
From: cmg  Read Replies (1) | Respond to of 42804
 
Lmne...gets the money.....mrvc holds the balance of the shares...cmg



To: NDBFREE who wrote (27268)11/6/2000 11:28:57 AM
From: NeverSeemToLearn  Read Replies (1) | Respond to of 42804
 
<<Who gets the money generated by the sale of 10 to 12% of the shares of LMNE? I assume it is MRVC as it was MRVC who owned 100% of the shares prior to the IPO.>>
LMNE will get the money. It will shown on MRV's balance sheet because of majority ownership, this is what happened with CW's recent financing.
Dayal


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