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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: HQ who wrote (5699)12/2/1998 11:07:00 AM
From: Greg Smith  Read Replies (1) of 27311
 
My understanding is that these 2.5 mil shares are on top of the 5+ million already allotted for the purpose of conversion. I think these 7.5 mil shares are the maximum the company can currently provide for conversion. Note that the 8-K requires the company to seek shareholder approval ASAP (i.e. at the annual meeting) to issue EVEN MORE shares to satisfy potential conversion of both preferred stock and warrants (increasing dilution further).
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