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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: kolo55 who wrote (9648)3/21/1999 6:15:00 PM
From: Zeev Hed  Read Replies (1) of 27311
 
Paul, your theory, as such, is sound, but if indeed, CC is an agent of mercy, why have the floorless hanging like a Damocles sword over this company? Many investors are surely staying away fromVLNC because of the presence if this instruments. They be right or wrong, but there are so many corporate carcasses around due to such floorless instruments that you should not be surprised if prospective investors shy away when they see this as part of the financing structure.

Zeev
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