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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (15296)10/19/1999 5:18:00 PM
From: kolo55  Read Replies (4) of 27311
 
Latest conversion information:

The conversion price declined from $4.86 to $4.81 today. The conversion price
is a penny lower than the recent low hit of $4.82 first hit on October 1.
It is still above conversion price of $4.47 CC received on their partial conversion.

Here the last ten closing bids and conversion prices:

Date: Closing Bid: Conversion Price:
6-Oct 5.0625 4.8238
7-Oct 5.2188 4.8238
8-Oct 5.2188 4.8238
11-Oct 5.3125 4.8343
12-Oct 5.1875 4.8764
13-Oct 4.9063 4.9238
14-Oct 4.6250 4.9238
15-Oct 4.6250 4.9238
18-Oct 4.6875 4.8606
19-Oct 4.6875 4.8133

If the closing bid remains at $4.6875, tomorrow the conversion price will drop to $4.75.

Paul
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