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.
Sorry, no IPO date known and it's probably not 'nailed down' yet--but the execs/mgmt will surely hit a time when the overall mkt is 'valuing' IPOs highly and the overal mkt has upside/positive momentum--or they are idiots along with those floating the issue---let's see which one happens--I bet on smart folks floating the issue, at least that's my experience and hope. Good luck to all MRVC longs--you will be rewarded soon.