VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: GregFoot who wrote (14854)	9/27/1999 2:01:00 PM
From: P. Ramamoorthy	Read Replies (1) of 27311

GregFoot Agree, I wondered the reasons behind the partial conversion. If they could not bring the price down by selling shares in the last two weeks, what could they achieve by partial conversion? Anything better than 20 to 40% return for the year? The price seems to be holding. The company does not seem to hesitate to sell shares at the current market price to meet their "just-in-time" financing needs. The company is able to find investors that are willing to buy these shares worth $2MM, $3MM, etc. every month. Hope the next CC will clarify some of these questions. Ram

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