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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: golden_tee who wrote (6336)	12/29/1998 10:59:00 AM
From: Greg Smith	Read Replies (1) of 27311

You're wrong Robert. Samples were prototypes made in Nevada, not off a "line". You should rely more on public reports like the S-3, 8-K and 10-K, and less on FMK's blather. I believe Larry is justly frustrated by FMK's unwillingness to carry on an objective discussion. I haven't seen anything Larry has said recently that is untrue, but I have seen plenty from FMK that is highly questionable. "The S-3 must refer to Line 3, not Line 1" -- what nonsense. Where are the explicit public statements from the company that confirm production samples have been made and delivered from Line 1? There are none. To the contrary, all public statements say that "the line in NI" is still being qualified. The language in the recent S-3 is compatible with Lev's most recent statements on the subject. Every section of "the line" (not "line 3") has run; the line has recently been run together as an integrated unit; safety qualification of the line should be completed during the 1st quarter. Speculating is one thing, posturing fictional company progress as fact (based on phantom sources) is quite another.

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