VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: John Curtis who wrote (4490)	10/22/1998 11:03:00 AM
From: FMK	Read Replies (1) of 27311

John, I understand that shipment of samples to OEM's and payment for them was mentioned during discussions months ago with ex-CFO Dave Archibald and large shareholders/instutions. Dave reportedly explained that sales of laminate and sales of samples to OEM's and would be accounted for in reduction of inventory rather than revenues, and the accounting can be done this way (as an R&D company) until there are contracts. Remember that Dave bought 20,000 shares for himself on the open market shortly before he resigned. I doubt, as critics claim, that conservative Dave bought with his own money to support the stock price! Regards, FMK

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