VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: P. Ramamoorthy who wrote (6479)	12/30/1998 2:38:00 PM
From: Mark Johnson	Read Replies (1) of 27311

I just spoke with FRB and had a few clarifications made. As previously posted the safety testing mentioned in the latest S-3 refers only to UL certification. And UL certification is "NOT" a requirement of OEM's in regards to batteries used in their electronic devices. FRB also said that the S-3 was a routine filing and a lot of "cut and pasting" is used in preparing those documents and that Lev was disappointed in the selection and interpretation of wording used in the document, he hadn't seen it before its release. Remember just a short time ago SEC documents were not so easily accessible before the internet. So, all the people that sold into the panic need to ask if they were "SUCKERED" by the naysayers. Nothing has changed, the S-3 was nothing but routine and the naysayers were able divert attention of the "BIG EVENT" which was the relaxation and extension of the financing terms! I thinh the stock would be at $10 now instead of $6 if the S-3 wasn't subject to misinterpretation. Zeev, Larry, visnic inc. have suckered a lot of us. The positive indications are there. BEWARE of the internet sharpies!

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