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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (13977)8/27/1999 4:36:00 PM
From: MGV  Read Replies (1) of 27311
 
"Klemencic's "brilliant" minutiae revisted - New Low Conversion Price."

Its beginning to become clear why early retirement was the best option for Big Oil.

The six lowest closing bid prices for the last ten trading days:

8-18 4 17/32
8-23 4 7/8
8-24 4 3/4
8-25 4 9/16
8-26 4 1/2
8-27 4 5/16
Average = $4.59
Conversion price = $4.63
Conversion amount approx. = 1,661,000 shares versus 1,629,000 based on yesterday's higher conversion price.

CC would get approx. 32,000 more shares with today's continuing decline.
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