SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeev Hed who wrote (12858)7/6/1999 8:41:00 PM
From: Larry Brubaker  Read Replies (3) of 27311
 
Zeev LOL, maybe VLNC's new CFO does not know how to account for capital vs. operating expenses?

It is also hard to imagine they could make a statement (which I didn't hear) to the effect that 80% of their equipment is paid for. Are they referring to the first line, which is the only one working? Which is also presumably the equipment that they didn't pay for and are being sued by the manufacturer? Or are they referring to the 2nd line? The one which they are now only beginning to fabricate? Which is the line that requires considerable redesign, development, and expense to complete?

And if they are almost through paying for capital expenditures, why do they have an immediate need $25 million to pay for, among other things, further capital expenditures?

And if they are saying (which I didn't hear) they will be in the black by October, why do they also say they expect to incur subsantial operating losses in the future?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News