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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: jean1057 who wrote (9544)3/19/1999 7:57:00 PM
From: I. N. Vester  Read Replies (1) of 27311
 
JC: Is this the first time you have bothered
to read one of these filings? You really
should be looking at all of them, esp. as
such a big shareholder!

They have been describing the risks in greater
and greater detail. Remember, before they
announced a big contract with Motorola and
the price ran up. They could not mfg the
batteries. The price crashed. They were
sued and spent $6M defending the shareholder
lawsuit.

They have learned their lesson well. We know
from talking with Lev that he wants to make
very sure that this cannot happen again and
that he and the company are protected.

If they make an announcement, then the market
over-reacts and the price goes up then comes
back down either because of market froth or
because they later run into any of the possible
difficulties they describe, at least nobody can
claim they were not warned of the risks.

To my strongly bullish sense, the more care they
take in describing the risks, the closer they are
to actually having some solid good news which will
move the price. <this is the sort of statement
the larry brubaker and darkgreens of the world
will take as stupidity, but who cares about them,
they are looking down the wrong end of the
telescope!>

BTW, the market knows that there are 25M shares
potentially for sale on any given day and so far
is holding up quite well under than ominous
knowledge.

IMHO it would be very foolish to lose your nerve
at this point in time.
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