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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: kolo55 who wrote (15161)10/9/1999 2:14:00 PM
From: MGV  Read Replies (1) of 27311
 
Wrong. VLNC is insolvent and because of it, now it is being forced to sell shares at prices up to 50% lower than management said it didn't want to sell (last February).

Wake up and understand the implications of that fact. This of course is extremely dilutive.

Dilutive, insolvent, insolvent, dilutive, better call the whole thing off. (note: distinguish between "insolvent" and "illiquid" - VLNC is the former with negative working capital - for the moment it is not the latter, at least as long as someone continues to fail to comprehend the concept of sunk costs.)
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