VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (6704)	1/4/1999 5:02:00 PM
From: FMK	Read Replies (1) of 27311

Larry, I never indicated that the company told me their cash position over the phone. I stated that I wasn't worried that they were running out of money. Here's a repeat of how I estimated $10mln to $20mln remaining cash. <<.. If you add 7.5 from CC plus 7.5 from CC plus 7.5 remaining on Carl's $10 million credit line plus $3 to $6 mln from insider options exercise plus laminate shipments to Delpi, Alliant and Hanil and subtract maybe 8 or 10 mln burned since the first 7.5 from CC, don't you come up with between $10 and $20 million working capital?>> We should also consider that customers have been paying for samples, and if thousands have been sent, that should also add to their cash position. Ram made a notable comment that "shipping in earnest" may mean they are being paid for samples! I believe Lev stated during recent conference calls that the burn rate had been substantially reduced. Good luck with finding a re-entry point.

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