VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: mooter775 who wrote (13457)	7/30/1999 6:57:00 PM
From: I. N. Vester	Read Replies (2) of 27311

Large investors don't fear the CC floorless, unlike some of our resident nabobs of negativism! Investors continue to buy $3M tranches at a slight discount to the market, and also someone is making large purchases on the open market. All this is very consistent with the companies statements that financing is no problem, but they will wait until after PO's to raise significant amounts of working capital. I'm sure Larry will try to paint this additional financing in a negative light. He's always said that any new non-floorless financing would be a very positive sign, but when it comes, he whines about 'discount to market', 'only $3M', etc etc. More and more very big very smart money is flowing into the stock. These professional investors are not afraid of the CC floorless. Longs should be very confident that things are going forward according to the company's plans, imo. It's quite clear that our friend Larry just does not have a clue what is happening with this company. His so called analysis consists of gross overgeneralizations and suppositions about CC which have no basis in fact. Meanwhile the smart money is sneaking into the stock in very large chunks.

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