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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Zeev Hed who wrote (17274)12/27/1999 12:17:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
Zeev, if Capital Guardian was not caught holding the IPMCF bag, they never filed their sales with the SEC. Remember, they owned >10% of the stock, well above the 5% threshhold, so any change in ownership would have required a filing. Don't recall there ever was a filing, so I assume they went down with the ship.

Relevance to VLNC? Very little, IMO. I certainly agree it is quite positive that VLNC was able to raise $32 million at $15. The only reason I even brought up the IPMCF connection was because Eli's ridiculing comment reminded me that the exact same comments were made about the support from the exact same institution on the IPMCF thread.
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