Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: hcirteg who wrote (12520)	6/30/1999 12:42:00 AM
From: FMK	Read Replies (2) \| Respond to of 27311

A quick note- I was given an informed interpretation of the $3 million private financing. The amount was thought sufficient to get some serious production underway to see some "material events" that should get stock price up enough for a larger financing. Raising $75 million to build another plant to double NI's production capability will be much more feasible at $15-$25 per share than at today's prices. I realize this is a relatively long term view after so many have waited so long already and the diatribe of the shorts and naysayers seems to focus on the share price at the moment. IMO the higher energy storage of the generation II version should boost the NI's annual capacity to as much as 750 mln watt hours. Add another plant like it and the total might be 1.5 billion watt hours. Will laptop and other OEM's pay a premium, say $3 per watt hour? I just thought I would mention that before the naysayers try to worry us about dilution. Another 3 or 5 million shares at $15-$25 if that what it takes, should be well placed to raise enough to get another plant underway. I will resist multiplying a future anticipated total watt hour capacity by dollars per watt hour and dividing by outstanding shares. Remember when Lev stated NI capacity as 30 million batteries per year? That meant 1 battery per share and he was heard to say since that 30 mln was on the low side. 600 million watt hours/ 30 million batteries makes an average of 20 watt hours per battery. What should a share be worth if it represents one battery per year(next year) that holds over 20 watt hours? I think Valence share price is due for a correction! I heard a rumor that Alan Greenspan's laptop battery went dead and he's looking for answers! Best Regards to longs from FMK