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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Rich Wolf who wrote (12866)11/14/1999 10:52:00 PM
From: Larry Brubaker  Read Replies (2) of 27311
 
<<Well, Larry, you're not going to like my answer, but here it is: the $25 million is to pay for all aspects related to the FOURTH line (you forget there IS a THIRD line already there, reported on at the shareholders meeting, but not in the SEC documents). They anticipate taking delivery of this fourth line at the end of summer, and need to pay on delivery.>>

Rich, do you still think the $25 million VLNC needed to continue operations this year was to pay for all aspects related to the FOURTH line?
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