VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (5486)	11/22/1998 6:42:00 PM
From: FMK	Read Replies (1) of 27311

Hi Larry, I just read your post and have a few comments. 1-I believe Carl Berg is worth more than $800 million. 2-If Carl wanted the company all to himself, he could have kept it private. 3-Carl most likely has another $10 to $50 million ready if Valence needs it. 4-By putting Castle Creek through their due diligence, they acted as an independent evaluator of Valence's outlook. Their approval of the loan was therefore a vote of confidence for him. 5-If you checked into Carl's history you should find that he owns/has owned significant percentages of many companies including IDTI and has not been a "floorless convertible bandit" as you suggest. 6-As Pronichev pointed out, your own appointed investigator Zeev concluded that the floorless convertible is toothless. I must commend you for having a fine imagination, but why don't you just buy back in stop fighting the tape

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