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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (1830)12/30/1997 9:55:00 AM
From: webpilot  Read Replies (2) of 27311
 
Does it seem like an unusual business plan to build factories, along with 3 or 4 or more production lines when the company doesn't have any actual ccustomers? I would also like to ask, since you are familiar with production engineering, wouldn't it be prudent to first have one successful operating line before committing all that cash to additional lines? Unless they have customers that they haven't told us about, this plan is highly unusual and very risky to the stockholders. They are burning up cash at a rapid rate for no apparent reason. Perhaps this could be the reason for the recent departure of top executives. These comments and questions are presented inorder to stimulate additional ideas as to what this company is actually doing and where they going with this plan.
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