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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (15683)11/8/1999 9:21:00 PM
From: kolo55  Read Replies (2) of 27311
 
Updated conversion information:

The conversion price rose to 4.90 from 4.85 today.
The Oct 26 closing bid of 4.75 went stale today, and drops
out before noon tomorrow.
Tomorrow, the Oct 27 closing bid of 4 7/16 goes stale.
Unless the closing bid prices drop below these expiring prices,
the conversion price will continue to rise.

Here are the last ten closing bids and conversion prices:

Date: Closing Bid: Conversion Price:
26-Oct 4.7500 4.6607
27-Oct 4.4375 4.6186
28-Oct 4.5625 4.6081
29-Oct 4.8750 4.6186
1-Nov 5.3438 4.6292
2-Nov 5.3125 4.6555
3-Nov 6.0000 4.7081
4-Nov 5.7500 4.8238
5-Nov 5.7500 4.8501
8-Nov 5.1563 4.8974

Paul
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