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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (15164)10/9/1999 9:13:00 PM
From: MGV  Read Replies (1) of 27311
 
Take some accounting then understand what negative working capital signifies. Then read my post again. Then look yourself in the mirror and ask yourself where you went wrong. Then ask yourself why big oil told you not to let the door hit you on the way out.

I made no "charge," it is serious but it is a product of reading VLNC's balance sheet.

One more thing - Why do you suppose Dawson expressly indicated he wanted to get the share price up from February levels before selling shares to raise needed capital? Once you have the answer, ask yourself why they are selling shares now at prices up to 50%+ lower. Do you think its because events are going they way they planned? You are out of your league.
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