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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (7950)2/5/1999 12:52:00 AM
From: FMK  Read Replies (1) of 27311
 
Larry, The 270 came from a post by someone who had a brief conversation with Lev just before Christmas on Lev's lunch break. If you had been reading the thread carefully you would realize that this number has been passed around since.

The larger number of employees was a basis for you to argue that they might soon run out of money if they have to pay so many employees. It now looks more efficient than ever, and less basis for your argument.

One of the attendees recalled Lev saying that they have bought tons of expensive raw materials and have enough machinery paid for such that they can produce enough from what they now have and sell it without running out of money. They may borrow more, of course, to expand more rapidly.

BTW, I was told Mark Johnson attended was looking for you. He was hoping to settle your differences with a little armwrestling!
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