VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (5062)	11/14/1998 10:44:00 PM
From: FMK	Read Replies (1) of 27311

Thanks Larry, for acknowledging the importance the percentages of how many companies financed with convertible preferred actually do fail. As I mentioned in my last post, the best estimate so far was from a managing director of a large brokerage firm as somewhat less than my estimated 5%. I agree and stated in my last post that the risks are slightly higher than losing your home to the bank. Perhaps its more like comparing the percentage of fatalities per 100,000 miles of driving vs. flying. Although many have fears of flying because they hear of the occasional disaster, it is safer to fly the 100,000 miles than drive the 100,000 miles on the highway. Somehow, they do it anyway as a means to get where they are going. It might be then be safer, however, to just stay home and not travel, but then there are more accidental fatalities at home than on the job. Thanks for pointing out that the insiders wouldn't have made such large purchases unless they felt rather confident about the outcome. I have a lot at stake in the outcome. If this is the best the naysayers can come up with, I feel we are in pretty good shape.

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