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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Greg McDaniel who wrote (14582)9/15/1999 9:51:00 AM
From: P. Ramamoorthy  Read Replies (2) of 27311
 
Trading pattern on last Thursday (mid morning) and Friday gave the signal and Monday's price confirmed: that some positive news was coming soon. Was this part of a friendly settlement or a forced conversion? Also wonder why CC decided to go with 4.47 conversion price? That's the best price they could get under the circumstances? Ram
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