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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: kolo55 who wrote (16176)11/15/1999 9:37:00 PM
From: MGV  Read Replies (2) of 27311
 
Your pettiness gives you away.

One, for the purposes of illustrating the flaws in your representations and giddy projections, ROV is more than sufficient to illustrate the absurdity of your representations.

Despite your manifest pettiness, you do understand that whether the ROV G/M in the most recent year is 53% or 48%, the difference is insignificant for justifying a PSR in excess of 5 versus a PSR of just more than 1. On any comparative basis VLNC falls far short of ROV for valuation.

Second, for the purposes of this exercise a public database is more than sufficiently accurate to expose your statements as wildly giddy. Had you represented a PSR of 2 or 3 or even 4, the illustration would have been a little more difficult to show just how unfounded your representations are. As it was, you made it very easy.

Third, the numbers you use to justify a high valuation are utterly unfounded in fact. Greater than 50% G/M? Where? Now you try 65% How? When? You are throwing out numbers. There is no utility in throwing out numbers with no basis in fact.

Now, about your paper profit, you represent you have approx. 400,000 shares of VLNC. VLNC has severely underperformed all of the market benchmarks for the past year, two year period, three year period and longer. Your investment in VLNC demonstrates poor judgement. You could have done substantially better with the money you had tied up in VLNC. Does this tell you anything? It tells me plenty.

Finally, based on the last two points alone, it is patently clear that you have a fairly unbounded capacity for ignorance. But if there were any doubt, your last point eliminates it.

"And you lost over 50% of your investment in [ fill in the blank]?"

Have you? I have not. Did you in CKFR or CLS? You can say anything but it comes at a cost to your integrity. There is no way you could know that I have lost "over 50% of [my] investment in VLNC" simply because I did not.

From what I know of your investments in VLNC and your sales of CKFR and CLS, your investment performance is prone to significant underperformance. Its possible that your performance over the past year would lag mine by more than a factor of two.

What does that tell you?
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