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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (15056)10/5/1999 2:34:00 PM
From: kolo55  Read Replies (1) of 27311
 
Larry, you just proved again that you lied.

You wrote: " Since they had not filed such a statement, you claimed they were not shorting. I interpreted this statement to mean, they "could not have shorted."

When I said I thought they didn't short, it does not mean that they couldn't short... Of course they could short. The question was did they, and how much? That is the important question that I was trying to work on. And we concluded LAST MARCH, that if CC shorted, we couldn't know how much from the SEC filings. You bring this up six months later trying to rehash something settled long ago.

You also wrote: You further said in March (your exact words) "Castle Creek invested in Valence because they believe they will be successful. That's why they hired technical experts to review Valence's technology and spent over six months doing due diligence." You also said "Castle Creek is bullish on VLNC." I intepreted this to
mean, they "would not be shorting."

I don't believe that CC would put $15 million into a company believing the company would fail. Being "bullish" means to hold a position where you benefit if the stock goes up... CC has a position where they benefit if the stock goes up. It doesn't mean that they wouldn't short stock as a hedging or profit-taking tool, or to try and institute a temporary death spiral to grab more shares.

You are talking a bunch of doublespeak. I NEVER said that CC "couldn't and wouldn't short" VLNC as you quoted in your post.

You lied, and we caught you at it.

Paul
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