Did you read previous SEC filings?
There wasn't anything negative in the recent SEC filing that wasn't in previous SEC filings. If fact, if you compare the filings, the recent filing was more positive than previous filings. They really can't say some of the positive things you would like them to say, until they are shipping large quantities of commercially available batteries. The SEC filings are intended to identify all reasonable risks (among other things), and this is a speculative stock. The SEC filings are not intended to provide a balanced investment analysis of the company prospects.
Normally we would get that from an analyst(s), but at this time, Valence is not covered by an analyst (from what I know). Again this is a company transitioning from R&D to commercial manufacturing, which is what it says for the FIRST time in the SEC filing. In order to see the changes in the SEC filings, you need to compare with previous filings.
There are several people on this thread who never read the SEC filings before they bought the stock. Then AFTER they bought the stock, read the filings, became disillusioned, and sold. I would never buy a stock until my due diligence is done, and that always includes reading the SEC filings. This is especially true for a speculative stock like Valence.
Valence has been expanding their sales and marketing effort. Bill Battison (sp?) is their Marketing Manager. Have you ever tried to call the company to find out what their current marketing plans are? The last time someone on the thread spoke to Bill, he reiterated what has been said in the conference calls. Essentially all the major laptop computer makers have received and have tested, or are testing, Valence cells. In addition, some of the largest cellphone manufacturers are being targeted by Valence.
Finally, regarding the quote from John McMillan; Price alone is never the only selling factor. If this was true, then everyone would be driving Yugos. The important factor is total cost/performance. From reading the threads, you should have already picked up that $/Watt-hour is the pricing metric. The key performance metric is Watt-hours per kilogram, as well as form factors (slimness), and recharge characteristics. Valence has the best performance metrics that we have seen for existing batteries, and new batteries where mass production plants have been built, and the battery specs have been released.
Paul |
