VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (19390)	4/28/2000 8:39:00 AM
From: LiPolymer	Read Replies (1) of 27311

Speaking of assumptions... <<Zeev, that assumption ignores the fact that VLNC had about $13 million in current liabilities at the time they received the $30 million. Depending on how quickly those short-term obligations had to be paid, VLNC may not have had $20 million in the bank a week after they received the $30 million.>> A quick review of Current Liabilities from past SEC filings: 03/99-$11.5M, 06/99-$10.8, 09/99-$10.4M, 12/99-$13.4M (Note the consistent trend, with slight uptick due to the production ramp.) It is reasonable to postulate Valence will continue to keep liabilities well-managed with their creditors, especially with all the evidence of Valence making a solid transition to a going concern. How disingenuous to suggest that Valence would have to immediately clear current liabilities with the Capital Guardian financing within a week. I seem to recall that certain entities made assurances to lower their shrill ranting by a few decibels once Valence procured legitimate financing. Guess that says a lot about who/what can be trusted around here.

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