VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (6486)	12/30/1998 5:00:00 PM
From: Zeev Hed	Read Replies (1) of 27311

Larry, if they ship $4 MM (or some 50,000 batteries) they should have access to the IDB, but I have not been able to find what if any strings are attached to that funding and what is the schedule of availability. If it is the usual Irish deal (and I have no reason to believe otherwise) then they should get 70% of their receivables financed by IDB. I have asked that before on the thread, but people are too busy with trivia, what are the essentials of the IDB $40 MM, the time table of disbursement, ratio of grants to loans and any other information that might be available. I would appreciate a factual post if some one knows an answer to that query. DStandish? You know a lot about this company, anything you know about this subject? TIA and Happy New Year Zeev

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