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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Larry Brubaker who wrote (11294)5/22/1999 4:45:00 PM
From: Gordon Quickstad  Read Replies (2) of 27311
 
What is "negative working capital"? To me this would mean that they're in default, but I don't even know if they have any credit lines. Does it mean that they owe more than the liquidation value of the company?
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