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

To: rascalbythesea who wrote (31983)	5/16/2001 9:59:20 AM
From: Sector Investor	Respond to of 42804

<<Remember, I don't expect the bonds to be called. >> Benny, IMO the bonds will definitely be called - they have to clear them before the LMNE distribution. I agree with akmike, as soon as MRVC is high enough and after 6/15 (and favorable IRS letter received) they will call. Note that I don't think they will actually PAY much though, as they have to give 30-60 days notice, and in that time I expect the bond holders to convert to get LMNE shares.

To: rascalbythesea who wrote (31983)	5/16/2001 10:04:52 AM
From: Greg h2o	Read Replies (1) \| Respond to of 42804

<<Actually it would be a 20 point increase in the bond or 25%.>> actually, it would be a 20%....MRVC would be up 75%.

To: rascalbythesea who wrote (31983)	5/16/2001 3:20:03 PM
From: Bridge Player	Read Replies (3) \| Respond to of 42804

Benny, if the bonds are called when the stock is trading at over $13+ something, the conversion price, they will be converted by the holders. MRVC will issue stock to the bond holders and the debt will be retired. It will NOT cost MRVC any money out of pocket to call the bonds and thus essentially FORCE conversion. If the bondholders fail to exercise their right to convert their bonds when the stock trades over the conversion price they would be losing money. That is why they will convert.