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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (14815)9/25/1999 11:20:00 AM
From: Zeev Hed  Read Replies (1) of 27311
 
Larry, these must be different "Warbucks", I don't think there was enough volume in the last month for them to "presell", unless of course, the Warbuck did their presselling long ago in anticipation of these financing and now are delivering the newly issued stock against these "presells". That would be risky. I think that the CFO has a bunch of "chips" owed on the street and he is methodically cashing these in.

Zeev
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