VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: mooter775 who wrote (7550)	1/26/1999 1:16:00 AM
From: Larry Brubaker	Read Replies (1) of 27311

mooter, a wise comment about Zeev. Zeev is well-respected throughout the SI community. By the way, the 1/25/99 issue of the Wall Street Journal has an article describing that NASDAQ issued an interpretive release last week "outlining the risks of securities known as 'convertible preferred.'" The interpretive release is aimed at companies who may be considering such financing but may not know what they are getting into. The release is found at the following site, click on "Future Priced Securities" nasdaqnews.com You say you know of many firms who are eager to finance VLNC's future. I have to think if so many firms are eager to provide financing to VLNC, they should have been able to remove the floorless terms from their financing completely, not just the first tranche. If you are right and VLNC is able to secure other financing and eliminate the floorless provisions from their currrent financing, I would probably buy the stock tomorrow. Until then, I have to consider your comment as just another rumour. Similar to your comments last year that VLNC would have no problem securing debt financing.

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