VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: MGV who wrote (3180)	6/29/1998 9:40:00 PM
From: FMK	Read Replies (3) of 27311

Mark- Calm down! The 10k was intended to report the situation as it was at the end of March. At the time they were stumped by the laminate problem which was solved shortly thereafter. As you should be aware, there have been many positive developments in the last 3 months, including the prior version of the battery exceeding major OEM specs. According to my info, the new version is being tested by at least a dozen OEMs and there were some ready to buy the previous version. I was recently reminded that the purpose of a 10k is to report financial information and generally is packed with wording that prevents any lawsuits. I was also reminded that most individual investors would sell their Intel if they based their decisions on the 10K. It is my opinion that more than one source of financing is available that will be non-dilutive, that all the OEM's testing should conclude that the product is clearly the best available- 500 recharges at 3 cycles per day takes a few weeks to interpolate. Remember also that Don Wolanchuk has seen the production for himself! Regards, FMK

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