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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: MGV who wrote (13564)8/10/1999 4:22:00 PM
From: DKR  Read Replies (2) of 27311
 
The terms of the recent private placements should give some weight to Razor's risk-reward logic. This was not a convertible preferred. It was a simple purchase of 1,000,000 shares at or about $6.00 by one or two institutional buyers that most likely have access to better information than the rest of us. Razor bought in at a lower level and therefore has entered (VLNC) in a more favorable risk-reward scenario than this unnamed institution(s).
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