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

To: Rich Wolf who wrote (12642)	7/1/1999 11:04:00 PM
From: Mark Johnson	Respond to of 27311

<<Once again, you've confused yourself looking in the rearview mirror while the train moves forward along the track.>> My thoughts exactly!!! Larry, get some help, get the other oar in the water, you're going in circles again...

To: Rich Wolf who wrote (12642)	7/2/1999 12:55:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

Sure Rich, you guys said the same crap about SEC filings and rear view mirrors in December. You were certain those filings were dated attorney disclaimers and a contract was imminent. You said there would be contracts in January, February, March... You also said they would be doing a secondary offering at higher prices in February, March, April... No contracts (other than with JV partners, which they refuse to quantify). No secondary offerings. Raised a few dollars by selling shares at about 50% of the November price, and a price well below the low end of the trading range of the stock. Some progress in that they've got a prototype line running. But this line, which Fred claimed would earn a profit on one shift, cannot produce batteries in sufficient volumes to be profitable. Substantial redesign and development needed to get the second line working. Expect substantial operating losses for the foreseeable future. Immediate need for capital. All of the above are verifiable facts. I really could care less if you want to buy into your own hype. But I will continue to publish the facts. Just as I was in December, when you guys were saying the exact same things about the filings. So you saw a video of a working line 2 at the annual meeting. Did you test the cells coming out of the video? Did they meet OEM specifications? Were they safety tested? Did Lev say anything like this line was qualified for production? Hate to tell you this, Rich, but the fact you saw a video of an assembly line means absolutely nothing. The material facts are available for all. I suggest you read them.