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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: kolo55 who wrote (15304)10/19/1999 5:55:00 PM
From: MGV  Read Replies (1) of 27311
 
Such excited hopes only 8 days ago -- dashed with continued failure to execute.

Message 11510222

"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. Ed. note - Start dreaming or grinning now as the case may be.

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!!!"

Ok - back to reality now.
The excitable klemencic was predicting a conversion price of 5.19 and rising on 10/15. On 10/19 the price is about 40 cents less and falling.
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