SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VALENCE TECHNOLOGY (VLNC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Holton who wrote (3230)6/30/1998 10:48:00 PM
From: Mark Johnson  Read Replies (1) of 27311
 
One of Valence's weaknesses, which I hope Lev Dawson will begin to focus in on, is the way they handle Public Relations and press releases. The abrupt sell off this morning and break in the upward momentum we were experiencing over the prior days could have been avoided by factoring in the way markets react to information. Because Valence has been so secretive regarding updates on their progress, the 10-K with all it's ugly but mandatory risk disclosures, became a focal point for shareholders who were starved for new information.

Message board posters took these disclosures out of context, posted
them, and created a panic which resulted in the gap down at the opening this morning. Valence PR should have anticipated this outcome and put out a press release simultaneous with the filing of the 10-K updating the market on their progress. This could have been a simple one paragraph synopsis of the info presented at the conference call this morning which subsequently reversed the downside gap.

If the upward trend had not been derailed by the 10-K we might have seen the 7s instead of the 4s in today's trading.

We are in this stock as investors to make money, and management needs to be sensitive to this fact. We have endured a lot of pain over the last 7 months from the departure of Reed and others, their dumping of stock on the open market, and the seemingly unending delays in automating production. We don't want any hype from management, but a little careful planning as regards the substance and sequence of communications could go a long way towards building confidence in this company.
--
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News