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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Greg McDaniel who wrote (14661)9/19/1999 9:51:00 AM
From: Zeev Hed  Read Replies (2) of 27311
 
Greg, I don't think we disagree, but most brokerage will not allow holders of VLNC stock to be marginable when the stock is under $5, and thus it removes this stock from the "lendable" pool, since, in principle, non marginable equity is moved into cash accounts (brokers can lend only equity that are in margin accounts, I believe).

Zeev
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