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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: MGV who wrote (14271)9/4/1999 7:58:00 PM
From: kolo55  Read Replies (2) of 27311
 
Updated conversion price information

Date Closing Bid Conv Price & Number of shares(Est.)

23-Aug 4.8750 5.1026 1,535,980
24-Aug 4.7500 4.9974 1,568,317
25-Aug 4.5625 4.8711 1,608,964
26-Aug 4.5000 4.7607 1,646,299
27-Aug 4.3125 4.6344 1,691,148
30-Aug 4.3438 4.5450 1,724,422
31-Aug 4.3125 4.4714 1,752,825
1-Sep 4.2500 4.4240 1,771,583
2-Sep 4.5625 4.4240 1,771,583
3-Sep 4.6875 4.4240 1,771,583

The conversion price will remain unchanged for the next three trading
days (Tuesday, Wednesday, and Thursday), if the closing bid is not
lower than 4 9/16.

Then by Friday's close the selling coalition must get the closing bid
down to the following prices each day to prevent the conversion price
from increasing:

Friday 10-Sep 4.31250
Monday 13-Sep 4.34375
Tuesday 14-Sep 4.31250
Wednesday 15-Sep 4.25000

Note: The conversion price expires one minute before noon ET, on the
following trading day.

Paul
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