VALENCE TECHNOLOGY (VLNC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VALENCE TECHNOLOGY (VLNC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Larry Brubaker who wrote (15364)	10/22/1999 11:11:00 AM
From: John Curtis	of 27311

Larry & Geep: Larry, Mooter's comment about C.C. converting to cover is a forgone conclusion. Why? Page F-16 of the June 28, 1999 10K states: the preferred stock investor may not convert the preferred stock or exercise the warrants if after by doing so the investor will own more than 4.9% of the company's common stock All discussion regarding C.C., and the Level II tactic's Paul has provided as a blow-by-blow, have been more or less "smoking gun" theories. The above condition, when juxtaposed against C.C. total conversion of their Preferred A, and ~40% conversion of their Preferred B, thus exceeding 4.9%, can be used as an argument to validate that C.C. must be converting and covering a goodly percentage of their VLNC instrument(s). In other words, they were conclusively running a short game. Why.....WHAT a surprise! ;-) Geep: "Sell the damn things!" I cannot think of anything more appropriate to say at this point than that. Sell them, and announce the fact, yes indeedy. John~

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next