VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: DKR who wrote (9772)	3/24/1999 4:37:00 PM
From: Robert Cohen	Read Replies (3) of 27311

Can anyone respond to the following taken from the recent filing? "CC Investments has agreed that on any day it will not sell our common stock on a public trading market in excess of the greatest of (i) 30,000 shares, (ii) 15% of the total number of shares of our common stock sold on the 16 <PAGE> Nasdaq National Market during such trading day, and (iii) 15% of the average daily trading volume on the Nasdaq National Market for the five consecutive trading days immediately preceding such sale, unless such shares are sold at a price in excess of $12.00 per share." Does this mean that converted shares can not be sold unless the stock price is above 12? Perhaps this was discussed over the weekend and I missed the implication. Robert

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