Hardly an article. Just a two sentence mention in Greenberg's column:
During the conference call for Valence Technology (VLNC:Nasdaq - news - boards) last week, somebody asked about an assertion in my column that the company may not have the ability to mass-produce its lithium polymer battery. CEO Lev Dawson was heard to respond, "Do you think he had any motive for that."
Which, to my mind, begs the question of why the CEO would not have just come out and stated, "we have the capability of manufacturing XXX batteries per month right now, and a growing our capacity to XXX batteries by the end of the year" or some such statement.
In my experience, when you attack the questioner rather than answering the questions directly, it's more than likely that you are trying to avoid giving an answer.
My knowledge of this company is pretty incidental, so I may have missed something, but I have never seen such a statement from them. It would add a lot of credibility, since it would demonstrate that the CEO was willing to put his own neck on the line by making a statement that he could be hung on if it turned out to be a lie.
Instead, everything I've seen from this company has been a vague promise of something or other sometime soon.
As an investor, I can't be bothered with companies that talk in riddles. I realize that many people here seem to think it's cool to try to guess and interpret the actions of their favorite companies. I prefer to invest in those that don't make me guess at and interpret their day-to-day operations.
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