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: rascalbythesea who wrote (11519)	12/24/1998 12:53:00 AM
From: Phil Rosten	Read Replies (1) \| Respond to of 42804

<<< Buying up the $10 million in notes at 53% was a good move for the company, but I don't know how fast anyone will want to buy notes from them again. I hope we can get some clarification shortly. >> Don't worry about the bond holders, they are making out like bandits on this deal. These guys would have shorted the stock as insurance, and then covered when they sold the bonds for a profit of aprox. $7.5 million. Plus the $5.3 Million from the bond sale, and the 2.5% interest for 6 months, gives them a cool 30% profit for six months.