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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (7005)1/12/1999 1:12:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
Fred, once again you are twisting Lev's words.

Lev said: 1) The capacity of Line 1 is 5 cells per minute. (2) they could break even on a cash flow basis (but not cover depreciation) at 1,800 batteries per day, if they can get $2.50 per watt hour.

You have: (1) doubled the capacity that Lev stated, (2) turned that capacity into batteries from cells, (3) assume they will earn $2.50 per watt hour when all Lev said was "if", and (4) said they would be profitable at this level when all Lev said was break even on cash.

This is why Lev said you are twisting his words. For your own credibility's sake, I suggest you should stop.

I'd have a lot less to say on this thread if you would cut out the b.s.
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