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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: geep who wrote (25759)12/2/2002 5:30:23 PM
From: P. Ramamoorthy  Read Replies (2) of 27311
 
From today's news release:
"...Under the terms of the equity commitment, Valence issued to Berg & Berg 4,409,560 shares of restricted Common Stock purchased at a 15% discount to the average closing price of the stock for the five days prior to the purchase date or approximately $1.13 per share. Under Rule 144, these shares are restricted from being traded by Berg & Berg for a period of one year from the date of issuance, unless registered, and thereafter may be traded only in compliance with the volume restrictions imposed by this rule.
For details, check the original SEC filings. Ram
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