VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Bruce A. Thompson who wrote (6416)	12/29/1998 10:16:00 PM
From: Bruce A. Thompson	of 27311

Whats a Million Dollars Between Friends? by: bathompson (47/M/Greenville, NC) 451 of 455 Miracles Inc., today announced they are looking for a strategic partner to help increase shareholder value. The stock price, which has been languishing at $.005 for the last two months has been decimated by the merciless conversion being done by the Preferred holders. To date they have converted $1 million to common stock which accounts for the shares outstanding increasing from 5 million to over 200 million shares......... Miracles Inc., today announced they are filing Chapter 11 Bankruptcy. They blame the convertible preferred issue for their inability to obtain new financing to fund current operations. First in line for the assets of the company are the convertible holders (Bahamian Corporations all) who still are owed over $4.5 million dollars in unconverted Preferred shares....

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