VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Tickertype who wrote (15392)	10/23/1999 6:25:00 PM
From: MGV	Read Replies (2) of 27311

Regarding development stage companies and revenues or the lack thereof, I don't fault VLNC for not having revenues (even though they have been disclaiming development stage status fo months yet still show no significant revenues!) as much as for having sustained negative working capital. Development stage companies with good prospects have little problem being capitalized even though they will not have revenue for some time. VLNC is distinguishable on this point and it is a significant, troubling distinction. I challenge anyone to reconcile this point.

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