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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: FMK who wrote (11000)5/2/1999 10:25:00 PM
From: Larry Brubaker  Read Replies (3) of 27311
 
Fred, mooter does indeed have impressive credentials.

In spite of these credentials, he was dead wrong a year ago when he repeated many times that VLNC would secure non-dilutive debt financing. In fact, the financing they did secure was potentially the most dilutive financing available. As a shareholder, I'm sure you read the proxy that was approved by shareholders which authorized unlimited dilution arising from this financing.

If mooter was so wrong about the financing, which is his area of expertise, it is less surprising that mooter has also been wrong almost as often as you when he has made predictions about when production would begin.

He made a good pick on NETE and I congratulate him for that. It just goes to show that when investing in speculative stocks (which should be a small portion of one's portfolio to begin with), it makes sense to diversify. For every success story, there will be 9 failures.
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