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: MGV who wrote (14067)	8/31/1999 4:48:00 PM
From: Pallisard	Read Replies (1) \| Respond to of 27311

Visnic, I'm beginning to believe you want the price of this stock to go down. Is that true?

To: MGV who wrote (14067)	8/31/1999 5:20:00 PM
From: kolo55	Read Replies (1) \| Respond to of 27311

Window closes for including Aug18 closing bid at noon ET. Actually the window to include the August 18 closing bid is noon tomorrow. Here are the relevant clips from the SEC document: C. "CONVERSION DATE" means, for any Optional Conversion, the date specified in the notice of conversion (the "NOTICE OF CONVERSION"), so long as the copy of the Notice of Conversion is faxed (or delivered by other means) to the Company before 11:59 p.m., Eastern time, on the Conversion Date indicated in the Notice of Conversion. If the Notice of Conversion is not so faxed or otherwise delivered before such time, then the Conversion Date shall be the business day following the date on which the Notice of Conversion is faxed (or delivered by other means). The Conversion Date for the Required Conversion at Maturity shall be the Maturity Date (as such terms are defined herein). B. MECHANICS OF CONVERSION. In order to effect an Optional Conversion, a Holder shall fax (or otherwise deliver) a copy of the fully executed Notice of Conversion to the Company and to the Company's transfer agent with respect to the Common Stock. Upon receipt by the Company of the fax copy of a Notice of Conversion from a Holder, the Company shall immediately send, via fax, a confirmation to such Holder stating that the Notice of Conversion has been received, the date upon which the Company expects to deliver the Common Stock issuable upon such conversion and the name and telephone number of a contact person at the Company regarding the conversion. No later than two (2) business days after receipt of such confirmation of receipt to Notice of Conversion the Holder shall surrender or cause to be surrendered to a reputable overnight courier for next business day delivery (two (2) business day delivery if from outside the United States) to the Company, the certificates representing the Preferred Stock being converted (the "PREFERRED STOCK CERTIFICATES") accompanied by duly executed stock powers and a copy of the Notice of Conversion (or, in lieu thereof, materials contemplated by Section XIV.B., if applicable). G. "VARIABLE CONVERSION PRICE" means, as of any Conversion Date, 101% of the average of the six (6) lowest of the Closing Bid Prices of the Common Stock for the ten (10) consecutive trading days ending on the trading day immediately preceding the Conversion Date 2. <PAGE> (subject to equitable adjustment for any stock splits, stock dividends, reclassifications or similar events during the such period), subject to adjustment as provided herein. I agree it doesn't look likely that the conversion price will bottom with the close tonight. The buying support doesn't appear to be ready to drive the price up against the selling coalition yet. If the price doesn't rally above 4 17/32 tomorrow, the next opportunity to see an uptick in the conversion price will be next Thursday. Paul