VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Zeev Hed who wrote (6102)	12/19/1998 9:22:00 AM
From: Bruce A. Thompson	Read Replies (1) of 27311

Zeev, From the company pr: >>>>>>>>>The terms of the preferred stock to be issued in the second half of the financing are similar to the terms negotiated with Castle Creek for the first half of the financing, with minor technical amendments, including that the variable conversion price for the second half of the financing will not be applicable until the end of July, 1999.<<<<<< Doesn't that say that the conversion price becomes floorless end of July 1999? I am not doubting your assessment, but I am confused. Hope you're doing well, Bruce

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