SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VALENCE TECHNOLOGY (VLNC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeev Hed who wrote (9601)3/20/1999 3:42:00 PM
From: Larry Brubaker  Read Replies (2) of 27311
 
I know the quarterly statement say 7,500 shares of preferred are still outstanding. My point is the 27.6 million share count cannot reflect the additional dilution that will result from the conversion of these preferred shares. At a minimum, there would have to be 2.5 million shares added to the count, not counting the warrants. There has been an increase of only 1.4 million shares from the June 30, 1998 quarterly statement to the recent S-3A indicating 26.7 million outstanding shares on February 5, 1999. It doesn't add up, so the 26.7 million shares cannot count the additional shares that will be added once the preferred shares are converted.

As far as the balance sheet reflecting $6 million. One difference between the $6 million and the $7.5 million is probably the $750,000 that VLNC paid to Gemini as a finders fee.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News