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  • duggan_skip duggan_skip May 21, 2008 8:21 AM Flag

    IPO will drive MRVC up--here's why!

    MRVC has book value of almost $2.00 and about 50cents per share in cash now---this IPO will allow the two combined companies to have higher valuation than MRVC alone IF they split the cash and assets and liabilities "properly" between the 2 resultant companies--and they (mgmt)should since the mgmt is incented mostly by their options holdings. This is the one time to line up behind the execs and Cowen and Co (and whoever else is floating the new issue) and get the quick hit profit of almost $1 per share. The price has been rising in anticipation and probably some scared short-covering. That usually is an omen for a continued rise after IPO (I have seen this for over 30 years investing to be a trend). I bought a bunch around $1.60 resistance point and will hold until I get a 50% profit on it--and I will. Check back post-IPO and see that I'm right.

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