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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (6306)12/27/1998 10:03:00 AM
From: Zeev Hed  Read Replies (2) of 27311
 
Fred, you keep telling us that they have built thousands of batteries and these are sitting in "inventory" but early in the recent 10-Q (for Sep 1998) the company clearly states the following:

"The Company's current research prototype batteries do not meet all of the specifications demanded by the marketplace, and the Company presently has no products available for sale."

Furthermore, if the company had an inventory of batteries, the balance sheet would have shown some inventory under assets, but no such inventory exists. What gives?

Zeev
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