VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: William Epstein who wrote (11309)	5/23/1999 2:24:00 PM
From: Larry Brubaker	Read Replies (2) of 27311

William, something to consider is the well-known VLNC insiders only have a minute portion of their overall net worth invested in the company. Additionally, the two biggest shareholders sold more than $40 million worth of VLNC stock in 1992-94 and their repurchases of stock last year were only a small fraction of the dollar amount of their earlier sales. Additionally, something I have never understood is if the wealthy backers of VLNC were so certain of its success, why did they allow VLNC to risk unlimited dilution of their shares via two rounds of floorless financing in 1998? Why didn't they just lend VLNC the full amount they needed?

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