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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Chisy who wrote (8192)2/11/1999 6:42:00 PM
From: Rich Wolf  Read Replies (1) of 27311
 
No, I'm not saddened, Chisy.

I saw the products. Were you there? I was. I saw the product they are ready to deliver for sale. Indications are that they've produced over 100,000 of the small cellphone batteries, in fact.

'Starved for cash?' you say? Because Lev's been raising cash 'just in time,' to complete construction of the factory. How'd he manage to get more in December from Castle Creek, when they surely saw then what you're looking at now? Not only that, they waived the conditions on the first tranche. What were they thinking? Obviously not what you are, in your post.
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