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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (15045)10/5/1999 4:56:00 PM
From: MGV  Read Replies (1) of 27311
 
Yahoo Post on Continuing Drop in Conversion Price to sub-$5 levels.

Conversion Price $4.824, DOWN from Mondays $4.829

The closing bid prices for the last ten trading days are as follows.

Date Closing Bid
22-Sep 5.0625
23-Sep 5.0625
24-Sep 5.0000
27-Sep 5.0000
28-Sep 4.8125
29-Sep 4.6250
30-Sep 4.6250
01-Oct 4.6250
04-Oct 5.03125
05-Oct 4.96875

The six lowest closing bid prices for the last ten trading days are as follows.

27-Sep 5.0000
28-Sep 4.8125
29-Sep 4.6250
30-Sep 4.6250
01-Oct 4.6250
05-Oct 4.96875

The conversion price is 101% of the average of the six lowest closing bid prices of the last ten or $4.824. DOWN from Mondays $4.829!
If the closing bid Wednesday is less than $5.00 the conversion price will drop AGAIN!!!
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