VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (14258)	9/3/1999 11:18:00 PM
From: mooter775	Read Replies (2) of 27311

My understanding is that the institutional investor who had purchased some or all of the last three private placements stands ready, ie, is committed to continue to purchase additional shares as the need arises. A conversation with a member of senior management this week indicated that at least this member felt that the company had already arranged financing commitments "through positive cash flow". Clearly the price of that financing, and its attendant dilution, remains a question, but I seriously doubt that your assertion that $ 3.0 mm was "all the investor was willing to invest." Pure, and in my opinion, quite incorrect speculation. Company management has on one occasion stated, I believe, that the institutional investor is a subsidiary of one of the largest 5 banks in the world. That would preclude Marshall Capital and Credit Suisse, I believe.

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