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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Razorbak who wrote (9963)3/28/1999 2:27:00 PM
From: Larry Brubaker  Read Replies (2) of 27311
 
Razor, I was looking at your Bankruptcy Predictor thread and saw the discussion about Microvision (MVIS). Interesting company and worth a mention on this thread for a couple of reasons.

First, it is also an R&D company with no revenue (except for some military R&D contracts).
Second, it scores a "strong" on the Altman Z score.
Third, they recently raised money through convertible preferred shares with a fixed, rather than a variable conversion rate.

Lesson for this thread, there are R&D companies out there who can raise funds without being forced to resort to floorless variable conversion rates.
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