VALENCE TECHNOLOGY (VLNC) Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zeev Hed who wrote (9779)	3/24/1999 6:11:00 PM
From: I. N. Vester	Read Replies (1) of 27311

CC selling limitation should include short selling. There is no wording specific to short selling. Selling is selling is selling. Surely this is nice even up to $12, but most especially it should really slow down any attempt to push the stock down to execute any B series prefered variable conversion a la the 'death spiral', should no PO be received by July 27th. How would this clause be enforced is a cute question if CC has no reporting obligation. In the 'death spiral' case, VLNC would probably have legal grounds not to honor the conversion request if there was any evidence of non- compliance. It limits CC to a 'slow death' spiral. Probably moot, but also probably very, very important if it ever should become un-moot.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next