VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (6653)	1/3/1999 1:49:00 PM
From: FMK	Read Replies (1) of 27311

Larry, I suggest you pursue a more balanced outlook than basing your arguments on the caveats and disclaimers that attorneys add to official documents. You should also remember that each 10q describes the financial situation for the period ending before it was filed. You are therefore working with old information. For example, September's 10q might list the number of employees at less than 100. A few weeks ago Lev's NI headcount was quoted at 270. This should give you an idea of how far off your information can be if you just look at old 10Qs etc. It should also be reasonable to assume that everyday conditions are better than the worst-case warnings contained in these financial documents. They were worded by the attorneys to be sure no one has reason to expect a positive outcome based on the wording of the document. That is their way of eliminating any possibility that other attorneys can find something in the document as basis for a lawsuit. By the way, How do you feel about the company being able to break even with less than 1 shift operation from only their first, and slowest, production line?

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