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


To: Sector Investor who wrote (36135)10/6/2001 9:32:29 PM
From: Duffeck  Read Replies (1) | Respond to of 42804
 
<<Then you probably should listen one more time. Just before the "Well, I would say" is "Uh, No,". Check the 5:49 minute mark of the Q&A.>>

I did, more than one more time. Here is my transcription. "Ah, well I would ah, say that during the quarter some of what we used some of that cash for bla bla bla...." Sounds to me that what you took as "Uh NO" is actually an "ah".

I also picked up more details on the stock placements. It was for 2.604M MRV shares and raised $20M. So the "actual" burn rate looks straight forward; $17.117 cash and short term investments and $20M from stock sale proceeds for a total of $37.117M. A far cry from $13M!

duff