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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: kolo55 who wrote (15874)11/10/1999 7:17:00 PM
From: kolo55  Read Replies (2) of 27311
 
On to other things in the 10Q.

Time to stop arguing with MGV, and talk about other things in the 10Q.

I see that they raised $1.5 million in October through a term loan (convertible at a fixed price) to Carl Berg. Based on this, and the 3.0 million they got from the October financing, and increasing revenues from NI, it doesn't appear that Valence will need to do an interim financing round for November. In fact, they say in the 10Q they have enough money to last until the end of December.

I hope someone asks whether additional interim financings are planned for this year during tomorrow's conference call.

Looks to me like the floorless threat is about to be removed, followed by the 'leaky floorless' theory being relegated to the scrap heap.

Paul
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