VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pallisard who wrote (15213)	10/11/1999 4:26:00 PM
From: kolo55	Read Replies (1) of 27311

Updated conversion information... The conversion price today climbed slightly from last Friday to 4.8343 from 4.8238, making seven straight days where the conversion price is virtually unchanged. But more importantly, the lowest priced days in the last ten are lined up to be eliminated this week. The last ten closing bids, and the conversion price as of the close each day: Date: Closing Bid: Conversion Price: 28-Sep 4.8125 5.0710 29-Sep 4.6250 4.9764 30-Sep 4.6250 4.9027 1-Oct 4.6250 4.8291 4-Oct 5.0625 4.8291 5-Oct 4.9688 4.8238 6-Oct 5.0625 4.8238 7-Oct 5.2188 4.8238 8-Oct 5.2188 4.8238 11-Oct 5.3125 4.8343 Now lets look at a forecast of what will happen through the rest of the week, if the closing bid stays unchanged from today's close. Date: Closing Bid: Conversion Price: Shares lost each day: 12-Oct 5.3125 4.8764 8,400 13-Oct 5.3125 4.9764 19,400 14-Oct 5.3125 5.0763 18,700 15-Oct 5.3125 5.1920 20,700 In order to not lose shares, the selling coalition will need to drive the stock to 4 13/16 tomorrow, then to 4 5/8, and hold it there the rest of the week!!! Paul

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