VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Rich Wolf who wrote (15033)	10/5/1999 2:10:00 AM
From: Larry Brubaker	Read Replies (1) of 27311

Of course there is evidence to support my theory, Rich. That evidence is the fact that the short increase DID NOT increase last month. Even after Paul, who has been watching Level II on a daily basis, predicted the short interest to increase by 500,000 shares. Paul who now claims to know who is buying and selling every share was completely mistaken once again. It was only when I predicted that the short interest would NOT increase that you came up with YOUR wild theory that Castle Creek was selling real shares, not shorting. There is no evidence whatsoever to support your theory, while the lack of increase in the short position does support my theory that Castle Creek merely reloaded the gun in the low $4s. Further evidence to support my theory is the fact that Castle Creek only converted 40% of their preferred shares. Now why wouldn't they have converted all of their Series B preferred shares at $4.43 if the deep pockets have been so successfully "stripping them of shares" as you and Paul claim? The only answer I can come up with is they think they will get a lower price than $4.43.

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