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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (10304)4/11/1999 3:34:00 AM
From: Larry Brubaker  Read Replies (1) of 27311
 
Fred, I've got a suggestion. You said:

<<I understand he recently owned around 250,000 shares of NETE that he acquired in the $1 to $3 range and recently sold over 100,000 shares in the $14 to $15 range to raise cash to acquire more Valence.>>

According to your post, Mooter has millions of profits just from his one investment in NETE. I'm sure as a sophisticated investor, NETE was only one small portion of a diversified portfolio. Therefore, Mooter must easily be worth 10's of millions of dollars.

My suggestion. Since according to your post, Mooter has millions of profits he is going to put into VLNC anyway...why doesn't Mooter offer to use this money to provide additional funding for VLNC? Rather than buying shares in the open market? It would be good for VLNC in that it would provide sorely needed capital. And it would be good for Mooter in that he should be able to get the shares at a discount to the market price (hopefully Mooter would not insist on a floorless deal).

Furthermore, according to this post from January 26, Mooter indicated he was aware of several institutions that were eager to finance VLNC's future.

Message 7482342

Well, these eager institutions have yet to step up to the plate. Maybe Mooter could remind his buddies of their eagerness and get them to join with him in a sorely needed infusion of capital for VLNC.
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