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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Rich Wolf who wrote (10445)4/15/1999 4:01:00 PM
From: Larry Brubaker  Read Replies (1) of 27311
 
<<We may even finally get a rewrite of the status of the factory (essentially unchanged for 6 months now, according to outdated text left in the SEC documents...>>

Your statement that the SEC filings concerning the status of the factory has been left unchanged for 6 months and is therefore, outdated, is not quite correct.

If they really are producing and shipping commercially as you are suggesting, why did they bother to put new language, beginning in the March 15 S-3A, that says, "Our current manufacturing technology must be further developed before we will be able to manufacture our batteries in commercial quantities."

This is new language that was not included in previous filings. And since it is new language, it is hard to argue that it is simply dated information left over from previous filings.
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