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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (13832)8/19/1999 2:50:00 PM
From: kolo55  Read Replies (2) of 27311
 
I have a question for you.

If the price rebounds above 5 1/2 and stays there, do you think Castle Creek will take advantage of the ten days of low prices and convert their preferred shares sometime in the next week?

Or do you think they will let this window of opportunity to convert pass, and keep the convertible preferred, and look for another sell-off to even lower prices in the future?

I have the ten day moving average of the closing prices at yesterday's close at 5.46.

Please tell me your thoughts on this.
Paul
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