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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Brad Davies who wrote (22269)11/12/2000 5:27:43 PM
From: Tickertype  Read Replies (1) of 27311
 
To add to Rich's comments, in response to a question regarding financing for the next several quarters Lev replied "we have plenty of offers".....after which he said the IDB had been in their offices this week for the formal part of their audit prior to issuing funds and will be issuing money "very shortly and that's $30 million available."

Doesn't sound like they're in any immediate need for new financing, and Lev said he'd like a healthy (stock) price before raising any money, "IF we raise any money." He expects costs to continue to drop and production to continue ramping, lowering their cash needs.

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