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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Rich Wolf who wrote (9732)3/23/1999 1:41:00 AM
From: Rich Wolf  Read Replies (1) of 27311
 
Math correction: I had noted almost 900,000 warrants at $6.03 apiece, which would bring $5.4M from CC (not 4.5). Sorry!

If they get 1.289M common from the preferreds alone, that's close to (but not exactly) the $7.5M they claim to have paid. And it doesn't refer to including the warrants in that count, those are separate.

Adding in Carl Berg's and Gemini's warrants doesn't quite provide the $7.5M gap to get the total possible to be as high as $25M, and this doesn't include the $7.5M remaining on the loan, either....but it's close.

So what gives?

Also, the number of common from the preferred (1.289M shares) was quoted from another table in the S-3 filing.
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