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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: mooter775 who wrote (10034)3/31/1999 10:15:00 AM
From: Larry Brubaker   of 27311
 
Mooter, actually it says something like "we think we have sufficient funds to last through March 31."

Yes, Berg's $7.5 million is still available, but there are conditions on these funds. Maybe he will waive the conditions (or maybe they will, or have met them) and they are drawing them down as we speak.

I don't know if this would be considered a material event by the SEC. But even if not, I would think the company would want to announce to their shareholders if are indeed now able to tap into this money. That might relieve some uncertainty that is created by their own filings.
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