Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: delmarbill who wrote (29955)	2/28/2001 12:53:50 PM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

Shorts in MRVC have to cover prior to LMNE spinoff. As I understand it, they would possibly have to deliver LMNE shares with their covering if they stay short - as well as not getting any spinoff shares. This may be a tactic to cover MRVC or even go long, but still keep MRVC down - until they are done and ready to let it go up. 6 million short shares are related to the convertible debt (thats when the short interest rose initially), so they (the non convertible related shorting) may now have already covered. All IMO, of course.