By: MRV Communications About to Change? « TrashStock

MRV Communications About to Change? « TrashStock — Fri, 16 Oct 2009 11:17:08 +0000

[...] blog GREENBACKD I posted the following comment in response to their bullish post, in which they like VIFC’s [...]

By: Alex

Alex — Fri, 16 Oct 2009 10:54:00 +0000

As a long-time investor in MRVC, my only concern is this: according to SEC documents, VIFC collectively holds only 1.9 millions shares, or about 1.2% of outstanding [http://www.sec.gov/Archives/edgar/data/887969/000110465909058845/a09-31532_18k.htm]. I’d feel more comfortable having a fellow investor like Dr. Shubin Stein insert himself onto a public company’s board if he and/or his war party held at least 5%. They seem to have put a huge amount of work into attempting to change a company in which they have a seemingly very small position. As you pointed out, MRVC’s sales are > $500M ($538M in 2008 according to recent 10K filing); at $147M market cap, Value Investors for Change stands to reap quite a profit (depending on when they invested, of course) if the current share price goes to just $2/sh. I’d feel more comfortable, though, if I knew that their interest in this penny stock was somewhat more sizeable. Also I’d feel more comfortable if they weren’t attempting to appoint a bunch of self-described “value” investors to a board that perhaps needs CEO’s of other publicly traded network-infrastructure companies.

..alex.

Comments on: Value investors for change nominates directors to board of MRV Communications Inc (OTC:MRVC)

By: MRV Communications About to Change? « TrashStock

By: Alex