VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Jacques Tenzel who wrote (19522)	5/5/2000 12:05:00 PM
From: John Curtis	Read Replies (3) of 27311

Jacques: I agree with you, but to be fair to those who love to balk at any/all aspects of VLNC it needs to be pointed out that this rise is because of one private placement. That is, CIBC. Of course, CIBC wouldn't have done this if they didn't think their due diligence warranted the placement of their monies, so it's not like I don't think the increase means much. It does(imho). As for the "Lev has said that earnings will drive the stock, not events. That, to my way of thinking, is one of the most fatuous statements I have ever heard from a company director" ....well...one could say recent litigious adventures would lead a CEO to making statements like this. It could be interpreted as a 'round about way of saying "we ain't going out of our way to manufacture PR events for sheer stock valuation reasons." And as long as things continue developing within the company in the manner indicated over these past 3 months or so then I can live with that. Now let's see how those future earnings reports unfold. John~

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