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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Paul Dubsky who wrote (962)8/13/1997 9:18:00 AM
From: John Curtis   of 27311
 
Paul: Regarding possible dilution, with current outstanding shares at ~22 Million and the float at ~15.5 Million I feel, with their earnings potential as previously outlined by Fred, etc., that the 15.5 Million float is small, and can easily be expanded without too much dilution concern(as long as the expansion isn't "radical," meaning on the order of a factor of 4, or something like that). Of course, others may disagree, what say others here regarding that particular concern?

John~
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