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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: John Curtis who wrote (3047)5/27/1998 12:45:00 PM
From: Jay Lowe   of 27311
 
If you want a nice refuge ... I've moved $60K into MIDLW
... check the Arcon thread. The warrants sell at .5 and
have an exercise price of .5 which has just been changed by
the company ... the market is still selling them as if the
exercise price was $1 ... the old exercise price.

So you can buy a MIDLW at .5 + 50 cents = 1 share common for $1.

The common is currently at 1.375 ... go figure.

Best deal I've ever seen.

Active thread ... beaucoup research.
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