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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Jacques Tenzel who wrote (6990)1/11/1999 9:20:00 PM
From: Larry Brubaker   of 27311
 
Jaques, I thank you as well. Given your history of posts on SI, your statement about it not being your pattern to post heresay rings true to me.

A couple of observations.

I found Lev's comment about "twisting his words" to be interesting, particularly since the example he gave was one in which FMK twisted his words about "breaking even on a cash-flow basis" to mean "the company can earn a profit producing less than one shift with one line." Yet it is those who try to untwist FMK's spin that get called names on this thread.

Secondly, Lev says to read the SEC filings. FMK says to ignore them.

Third, Lev says the SEC filings will provide a clue about the status of production (e.g. increased burn rate, inventory build-up). As of September 30, those clues were absent from the financial statements. It will be interesting to see the year-ending 10-Q.
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