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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (13139)7/16/1999 10:19:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
Zeev, a problem with your scenario. The price went to $11 before Castle Creek eliminated the floorless on the first tranche. In fact, it was only a day or two after the floorless was removed that we saw the big slide back down to $5.50. At least thats how I recall the sequence of events.
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