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: Rich Wolf who wrote (13374)	7/24/1999 3:06:00 AM
From: Larry Brubaker	Respond to of 27311

You forgot to note that the stock had already lost 2/3rds of its value before all of this bad fundamental news came out, Rich. I wonder how that might have happened? I'm sure it had nothing to do with Castle Creek and floorless financing. At any rate, if your glass is half full scenario is really true, we should see some tangible demonstration of this soon. Another unquantified purchase order, or a $3 million dribble financing at a discount to the low end of the trading range will not do much to convince me. An elimination of the floorless, a substantial financing at a fixed price, and/or a substantial quantified purchase order would convince me.

To: Rich Wolf who wrote (13374)	7/24/1999 8:57:00 AM
From: Mark Johnson	Read Replies (2) \| Respond to of 27311

Rich, It's really too bad posters like yourself waste so much of our time refuting the fabrications and twisted innuendo and lies Brubaker and Co. continually plague this board with. The BOD of Valence Tech has some of the most important contributors of the high tech age (look them up again Larry). It has been pointed out by many that Valence Tech is a speculative issue and money invested in this stock could be at risk. Microsoft had similar financing concerns in the early stages of development and was considered a very speculative issue. Mooter has put forth over and over that for the investors of the less speculative nature wait for solid OEM contracts before investing in Valence. Sounds simple to me.....Why can't Larry get it??? Wait, I know.... Larry forgot to buy yesterday when the price was 5 1/2 and closed a full point higher and missed a 20% one day gain...now he's as mad as a hornet cause he missed another opportunity and is gonna spent every waking hour bashing Valence and posting spurious comparisons... Nuthin' new there.....Bring on the BS Larry you've already stunk up the thread....

To: Rich Wolf who wrote (13374)	7/24/1999 11:35:00 AM
From: Larry Brubaker	Read Replies (2) \| Respond to of 27311

<<Larry, with your intense desire to research SCUR...> Rich, I find it worth my while to research other companies who have had floorless financing, particularly floorless financing from Castle Creek. It may provide some clues about how to play VLNC. I've learned 4 lessons from looking at SCUR's situation. (1) Just because a stock has floorless financing doesn't mean it can't go up (SCUR went from $10 to $29 between the time the deal with Castle Creek was done and the time the floorless conversion window opened). (2) Just because a stock with floorless financing goes up doesn't mean it won't, at some point, be vulnerable to a death spiral. (SCUR fell from $29 to $2 shortly after the floorless conversion window opened). (3) SCUR's fall from $29 to $10 before their declining fundamentals became public reinforces a very important lesson I learned from our beloved Dr. Zeev. "When the technicals don't agree with the fundamentals, believe the technicals." We also saw an example of that principal at work with VLNC in the fall 1997 when production was supposedly on track for 1st quarter 98 but the stock fell from $10 to $5. (4) The presence of celebrity board members says little about the fundamentals (or lack thereof) of a company.