SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VALENCE TECHNOLOGY (VLNC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kolo55 who wrote (14880)9/28/1999 8:33:00 AM
From: kolo55  Read Replies (1) of 27311
 
I guess there are two more explanations.

They are:

3. CC delivered some of their converted shares against the short position by the settlement date of 9/15/99. I didn't think that was possible given the time it would take to get the converted shares, but I should mention it as a possibility.

4. The new purchaser(s) of Valence shares is selling the shares on the open market. If so, they lost money when they sold in July/August for less than the June/July purchase price, but have made a profit in September from the August purchase.

I don't even know whether the recent purchaser can sell these shares yet. I don't know the SEC regs on selling newly issued shares like these well enough to know if there are any restrictions on the sales. But it is a possible explanation.

Paul
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News