VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: jean1057 who wrote (4567)	10/26/1998 8:16:00 PM
From: kolo55	of 27311

Yeah everybody, please sell tomorrow. This SEC filing is required under the terms of the financing agreement reached in July. Most of the stock market prices mentioned in the filing was just the market price on the day that part of the filing was written. In fact, the second closing of the financing, can't happen without a current SEC registration allowing the buyers to sell, if they want to. Bottom line is this is just paperwork from the financing last summer. If Castle Creek wanted to convert and sell today, it would cost them $6.03 per share; hence no reason to convert and sell. Even with the nice move on great volume, the stock price is less than the price Castle Creek will likely end up paying for their shares. This move is still in its early stages. Paul

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