VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: lws who wrote (3638)	8/11/1998 1:03:00 AM
From: FMK	of 27311

LWS- There was so much unfounded concern that the company would not be able to attain financing in the first place. The company had repeatedly indicated that they didn't consider it a problem. Before the financing package was announced, I posted that I believed the maximum dilution would be around 2-4 million shares. Don Wolanchuk said that if it was slightly dilutive "big deal" considering the upside potential. Now that financing has been obtained with minimum dilution, its terms are being over analyzed as were the disclaimers on the 10k that appeared as a series of posts that seemed to trigger a panic selloff the day before the last conference call. There are over 12 OEM's that have been paying for and testing batteries for months. The company has indicated it should be mass producing in September and staff is being added in Northern Ireland. We're almost there. You sound like you have a case of the nervous jitters athletes have before the big game! As stated in my prior post, my reaction to the present state of affairs and price level is to increase my postion. I hope you stay fully invested and enjoy the next several weeks and months, including some 2-million-share days with upward price movements of a dollar or two! Regards, FMK

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