VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: lws who wrote (4027)	8/31/1998 5:13:00 PM
From: FMK	Read Replies (3) of 27311

LWS, thanks for your thoughts on Valence's outcome. Regarding your comment<<Likewise I do not believe Dawson bought 950k shares just to make an impression. I am sure he hopes to profit from them through Valence's success. Since the purchase evidently involves a non-recourse loan.>> As I understand it, a non-recourse loan is one he personally would not have to pay back, as in the case of being a limited partner. Lev put up assets as collateral and is "on the hook" for paying back this loan or he will lose the pledged assets. It is therefore not a non-recourse loan. An old axiom was mentioned recently on one of these threads - "There are many reasons why insiders sell. There is only one reason why insiders buy." I personally rate Valences chance of failure somewhere between 0.2% and zero. Apparently someone agrees with me or we wouldn't have seen this much volume and a 1/16 gain on a day the Dow dropped 512 and the Nasdaq 140 points.

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