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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (14210)9/3/1999 10:22:00 AM
From: kolo55  Read Replies (3) of 27311
 
This whole "floorless" death spiral hoax may blow-up at any moment.

Valence and CC are discussing terms. Last week the CFO told me Valence "offered a pound of flesh, and CC asked for three pounds of flesh". So they've been talking.

Stock price is strengthening, and CC's bargaining position is eroding. By next Friday, the short coalition has to get the stock price down below around 4.31 to 4.35, and hold it down there for four additional days, just to keep the conversion price from increasing, and keep the death spiral theory alive. This is going to take a lot of shorting or selling. I estimate another 500,000 to 800,000 shares, and there won't be much improvement or change in conversion price.

What happens if CC and Valence reach an agreement?

I wouldn't want to be out of the stock, and especially not short when that happens.

Paul
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