VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: lws who wrote (9344)	3/17/1999 8:59:00 PM
From: MGV	Read Replies (3) of 27311

VLNC is up all of 9% from June 29, 1998 through today. In spite of all of the rosy projections and predictions of contracts by August 1998 and every month thereafter by mooter and fred and those more timid in making independent judgements, it bears pointing out that the best source - in hindsight as well as today - of information for forecasting VLNC's prospects is the SEC-mandated shareholder reports. Anyone reading the reports from June 29 through today would not have tied up cash at a significant risk (market and company specific, given VLNC's financial condition throughout the period and its poor design and operations track record) for a sharply underperforming 9%. This is one example of a case where the shareholder reports could have and should have made a difference in investment decisions. The persistent reliance on internet-disseminated statements by unauthorized and unconnected people who have been consistently wrong (do a search of mooter and kellet's statements over the past months and judge for yourself) is surprising. PT Barnum said it first. He could have been speaking about VLNC investors.

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