VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (14292)	9/7/1999 2:03:00 PM
From: kolo55	Read Replies (3) of 27311

If this price holds, conversion price upticks on Thursday. If the closing bids today through Thursday stay above 4.50, then the conversion price will begin to uptick. The August 26 closing bid of 4.50 becomes stale on Thursday, and CC will have to convert prior to one minute before noon ET Friday to get the lowest conversion price. Here are the closing bids for the last ten days, and a forecast what will happen if the closing bid remains at 4 13/16 through Friday: Date Bid Conversion price 23-Aug 4.8750 5.1026 24-Aug 4.7500 4.9974 25-Aug 4.5625 4.8711 26-Aug 4.5000 4.7607 27-Aug 4.3125 4.6344 30-Aug 4.3438 4.5450 31-Aug 4.3125 4.4714 1-Sep 4.2500 4.4240 2-Sep 4.5625 4.4240 3-Sep 4.6875 4.4240 Forecast if bid remains unchanged from current bid: 7-Sep 4.8125 4.4240 8-Sep 4.8125 4.4240 9-Sep 4.8125 4.4240 10-Sep 4.8125 4.4556 13-Sep 4.8125 4.5397 If this happens, CC loses about 12500 shares if they don't convert before noon Friday, and about another 32500 shares if they don't convert by noon Monday. This really puts the pressure on the selling coalition... Hey guys, the ball's in your court, get out there and short!! Paul

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