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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Tickertype who wrote (12384)6/24/1999 11:41:00 PM
From: Larry Brubaker  Read Replies (1) of 27311
 
Ticker, I'm not a lawyer, but I don't think the amount of the purchase order is the most relevant factor in a potential lawsuit. The legal problem from 5 years ago is that they announced a contract they were unable to fulfill. The dollar amount of the contract would seem to be of secondary importance to the fact they were unable to fulfill it in the first place.

Since they've now announced they've received 3 separate purchase orders, they would seem to be just as vulnerable to a lawsuit if they were unable to fulfill these orders, regardless of whether they have disclosed the amount.

If they do not tell us the amount of these contracts, the earliest we are likely to get any clue at all would be when the second (calendar) quarter 10-Q comes out, which will probably be about August 15. Which, coincidentally, is beyond the date at which the variable rate conversion can begin.

Personally, I'd like to see these guys be a little more forthcoming with information to the owners of the company.
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