VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pallisard who wrote (16269)	11/19/1999 4:56:00 PM
From: kolo55	Read Replies (1) of 27311

Updated conversion information: Conversion price kicked up to 5.93 today, from 5.62 yesterday. On Monday, barring a closing bid of below 5 3/4, the variable conversion price will climb over the fixed conversion price of 6.03. Date: Closing Bid: Conversion Price: 8-Nov 5.1563 4.8974 9-Nov 5.0000 4.9395 10-Nov 5.4375 5.0921 11-Nov 6.0000 5.2394 12-Nov 6.0313 5.3867 15-Nov 7.6250 5.4551 16-Nov 7.9375 5.5708 17-Nov 7.7500 5.5708 18-Nov 7.8750 5.6181 19-Nov 8.0000 5.9338 If CC converted using today's conversion price, they would get about 625k shares for their remaining preferred shares. They lost 35k shares today if they didn't convert before noon ET. Paul

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