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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (25609)10/5/2002 8:32:03 PM
From: Larry Brubaker   of 27311
 
<<another 10 MM shares just printed in the last serving>>.

It used to be that 10 million shares bought them a year or more of cash burn. This latest 10 million share floorless serving bought them about 2 months of cash burn.

When I began following this stock in 1997, there were approximately 25 million shares outstanding. There were approximately 50 million until a week ago. Therefore, it took 5 years to go from 25 million shares to 50 million. It may only take a year to go from 50 to 100 million.

The hockey stick with this stock isn't revenue, its outstanding shares.
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