VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Pallisard who wrote (5780)	12/5/1998 5:11:00 PM
From: FMK	Read Replies (2) of 27311

Still worried about Castle Creek? IMO the subject has been beaten to death. It appears to be one of the few remaining issues that can be spun to worry shareholders. The battle seems to be the difference over maybe 3 to 5 million shares of additional dilution if things got really bad. This is about 10% to 15% of the outstanding shares. I remember Lev's statement on the last conference call that line 1 alone could break the company even with just 1800 batteries per day. Here is a link with some related information. exchange2000.com From what I can determine, line 1 can easily make 2500 good laptop batteries per shift, and should therefore be able to make the 1800 to break even if they sent the crew home each day after their afternoon coffee break. All it should take to alleviate worries over a possible 10-15% worst case share dilution is for the crew to come back after their coffee break and work the rest of their 8-hour shift. Additional shifts for just line 1 would then contribute to profit, as would all the other sources of revenue recently identified. As I recall, the Northern Ireland plant has room for 10 production lines.

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