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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: KDB who wrote (2419)3/17/1998 6:04:00 PM
From: I. N. Vester  Read Replies (1) of 27311
 
Lev put up $4M collateral: 800k shares he owns free & clear
today. In addition the $300k is payable annually.

Yes, if vlnc crashes and burns, Lev will probably
be able to walk away empty handed. I.e. his hands
will be empty of the stock he now owns which is
worth over $4M cash at today's price.

I don't call that 'no risk'.

I would also note that it is wiser to read the
complete filing before jumping to conclusions
and posting them. Tho I do admit that some
days jumpping to conclusions is the only
exercise I get!
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