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

To: John Curtis who wrote (14184)	9/2/1999 6:12:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

John, I think you must have "misheard" the name, from the description of HSDC, it does not seems that they invest in traded companies, they get in the game earlier either directly or through investment in other VC, at least from the URL you kindly provided. Zeev

To: John Curtis who wrote (14184)	9/2/1999 6:12:00 PM
From: kolo55	Respond to of 27311

Here is the mission statement for HTDC: htdc.org Paul

To: John Curtis who wrote (14184)	9/2/1999 6:24:00 PM
From: I. N. Vester	Respond to of 27311

How much has the floorless cost us so far? Let's look at the actual long term damages. In spite of all the storm and wind from the PPP's (professional pants pissers), I calculate the real cost to my stake in the company to be the difference in dilution between CC's $7.5 million converted at 4.5 plus the 8/31 $3M at 4.5 instead of at 6. i.e. increased shares/total shares outstanding (10000000/6)-(1000000/4.5) = 5555555 555555/28000000 = .017 I see 1.7% dilution, with a stock price 25% lower than the recent $6 level at which significant insider buying was reported. If you are a trader looking for a deep bottom, or you have enough information to make an informed judgement and you belive the company is headed for bankrupcy, then of course buying at the present price is foolish. If you have made an informed judgement that the company is likely to avoid bankruptcy, then the numbers above i.e. 1.7% dilution vs 33% discount on the stock price, indicate a market reacting in fear and/or a stock driven down by a professional leveraged short position, and a good buying opportunity. There are risks of further dilution due to more financing at a low(er) share price. But looking at that without looking at the actual dilution percentage is stupid. VLNC would have to sell many more $3M tranches at this price, or even at a lower price to justify a 25% downward adjustment in the share price. Throwing in a much lower conversion price by CC does not yield that much more dilution either, maybe a max of 5%. This is very simple math. My patented 'PPP' theory of investment says 'buy when the streets run yellow'. The PPP index is very high now, as the shorts have systematically driven the share price down. I rate this stock a speculative strong buy at the current level, (buy only if your shorts are not yellow).