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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: wm sharp who wrote (2532)4/5/1998 8:51:00 PM
From: Mark Adams  Read Replies (2) of 27311
 
I've been looking over VLNC again- considering a small position. One thing concerns me- that they appear to be on the brink of requiring additional financing.

Per their 10Q- they had 5mill on hand 12/97 and a burn rate of 3 mill per qtr. They stated their 2mill line of credit expired March 98. They anticipated adequate capital to fund operations through FY98-, which if I'm reading correctly is March 31, 98.

So are they about out of cash/working capital?
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