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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: FMK who wrote (6563)1/1/1999 7:54:00 PM
From: Zeev Hed  Read Replies (2) of 27311
 
Fred, you make it extremely difficult to reason with you. September is the last months for which we have financial information, since then, hopefully we know exactly where financing activities have been, since all financing activities by publicly trading companies need to be filed with the SEC, pronto, no more of those Reg S of past years. We know what the financing activities were, the CC $7.5 MM, we also know, that there might be some money coming out of Berg and we know what are the conditions for real money coming out of IDB. There are no "count on me" type of sources, no hidden treasures, if there is more working capital, it comes either in form of equity or debt, period, in both cases, share holders would be notified as soon as the deal closed.

Zeev
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