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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: P. Ramamoorthy who wrote (8973)3/6/1999 12:29:00 PM
From: Larry Brubaker  Read Replies (1) of 27311
 
Guys, I really doubt we are looking at a secondary offering in the public markets like some seem to be suggesting. Such things require time to set up, investment bankers, a prospectus, etc., etc. I can't imagine there is time to do this by March 31. Secondary offerings are usually known well ahead of time.

IMO, we are looking at another private placement. The question is whether it will be a simple sale of shares at a fixed price or whether it will be another variable-rate deal cooked up by the Wall Street financial architects.
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