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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Bruce A. Thompson who wrote (7334)1/22/1999 8:11:00 PM
From: Larry Brubaker  Read Replies (3) of 27311
 
Bruce, the only trades that must be reported are those of insiders or those holding more than 5% of the shares. Castle Creek has 15,000 shares of preferred stock. They do not own 5% of the common, and even if they did, they would not have to report sales of borrowed stock (short sales). Paul's assertion that because we have seen no filings regarding Castle Creed shares, they haven't shorted, is wrong.
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