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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: kolo55 who wrote (5736)12/3/1998 11:55:00 PM
From: Greg Smith  Read Replies (2) of 27311
 
Thanks, Paul. Good work. Two follow up questions:

1. I see where it says CC is limited to 4.9% ownership, but how does that statement fit with this one: "the aggregate number of shares of Common Stock issuable at a discount from market price upon conversion of the Series A Preferred Stock may not exceed 19.99%"?

2. If CC didn't convert, are you of the opinion that they acquired their million+ shares on the open market? Why would they do that?
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