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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: Larry Brubaker who wrote (11310)5/23/1999 3:50:00 PM
From: William Epstein  Read Replies (1) of 27311
 
Larry Brubaker;

Thank you, for adding to my knowledge about the company's history. I imagine that the individuals involved were more interested in having the public finance their enterprise than they, themselves. Also, why not sell paper for real money if your can away with it? It's almost like printing your own money. Create wealth on a printing press or should I say, rearrange it. In fact, printing presses are not even used anymore. Do people who make money give it back?

Nevertheless, they did repurchase on the open market. That indicated they must be very optimistic about something. I don't know what their individual's motives are but the fact that they all bought and bought on the open market means something. How much each of them bought is irrelevant.
PHOTOMAN
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