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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (9218)3/13/1999 11:42:00 AM
From: Rich Wolf  Read Replies (1) of 27311
 
Larry, Yes, but why borrow additional shares from a broker, and pay a fee for having borrowed them (for what, 3 months going on 4, now?), when they could have just pledged their own shares? What do they care about 'hiding' such information from the public? They're a hedge fund, in business to make money. I don't think they'd want to pay unnecessary interest.

No, I think that if they wanted to short the stock, they'd have just pledged their convertibles.
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