VALENCE TECHNOLOGY (VLNC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VALENCE TECHNOLOGY (VLNC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Curtis who wrote (15707)	11/4/1999 11:47:00 AM
From: Larry Brubaker	Read Replies (6) of 27311

Hi guys, I've been gone for a few days I'm sure I was missed <VBG>. I see Hanil has announced the official start of production for the 3rd or 4th time now. And I see that VLNC did another financing at low prices again. They have now raised a total of $14 million via their dribble financing at an average price of $5, issuing about 2.8 million new shares. The remaining $11 million would have to be sold at $14.20 in order to result in no additional dilution than if the deep pockets backing VLNC had simply ponied up $25 million at $7. And remember, the VLNC bulls claimed that VLNC did not want to raise $25 million at such a low price as $7. Also, given the price action before the latest financing, it seems clear that the purchaser was pre-selling these shares. Again, not exactly a vote of confidence in VLNC on the part of Daddy Warbucks.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next