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


To: NeverSeemToLearn who wrote (42488)3/16/2006 10:31:12 AM
From: FJB  Read Replies (1) | Respond to of 42804
 
I work for a company that also did a private placement recently, but it was much higher than the market price.

Who would be stupid enough to pay more than the market price? This sounds completely made up. What company is this, so I can check out the press release?



To: NeverSeemToLearn who wrote (42488)3/16/2006 10:46:35 AM
From: Sultan  Respond to of 42804
 
PP on fast moving stock will always disappoint.. just a matter of degree.. I thought they could have done this deal better with a higher price but it would still have been lower then the market price..

Check out BWNG and their private placement.. Price difference there was much bigger.. However, for what ever reason, BWNG was not impacted at that time..



To: NeverSeemToLearn who wrote (42488)3/16/2006 8:29:38 PM
From: mahler_one  Read Replies (1) | Respond to of 42804
 
Well, MRV did base the private offering price on the Bloomberg 30 day average. The Board could hardly have anticipated the Cramer business and the precipitous increase in the share price.

m1