I would suggest to posters here that Bill Wexler is free to have his own opinion. He's short. Big deal. He thinks the stock is going to $ 1. Personally, I don't think he has a clue as to what is currently going on at Valence, and that he, and other shorts, will pretty soon have their lunch handed to them. And his talk about a fraudulent company or "fraudulent promotion of the stock" or the stock going to $ 1.00 is ludicrous and pure crap.
But that's just my opinion - and although I am quite confident of this opinion, I can see why others, when viewing the financials and S-3s may be skeptical. That's what makes a market.
If Valence can't produce, or obtain financing, or find an OEM by June/July (maybe by the April/May time frame for all I know), then I'm sure a lot of longs may well get worried and sell some of their shares. And I'm sure shorts will add to their position and the stock will go down. But, as I stated in an earlier post months ago, I think Dawson does know what he is doing and will see this company through to becoming a major success.
So I don't really get all wrung out on Wexler, or Larry, or Darkgreen,and all the other doubters or skeptics. Their hindsight may be fine for them to grab onto. I remain long and quite comfortable - this, like so many other investments, has required staying power - and I am quite confident that I'll be proven correct pretty soon now. So good luck, short sellers and skeptics.... |
