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

To: mooter775 who wrote (14272)	9/4/1999 1:10:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

mooter, are you trying to deliberately misrepresent what I said? I did not say that $3 million was all Daddy Warbucks was willing to invest. I did say it is possible that $3 million is all Daddy Warbucks is willing to buy at one time. The implication of this (admitted) theory is that Warbucks is only willing to invest $3 million at one time because Warbucks figures the next $3 million will be at a lower price. And how might the next $3 million be at a lower price? Well, maybe Warbucks is using the shares received from each $3 million financing to cover shorting at higher prices. I believe this is what Zeev refers to as a leaky floorless. Pure speculation? Yes. Some evidence to support this speculation? Well there is the 30% drop in the price beginning the very day Warbucks bought his first shares. And there is the lack of a filing indicating Mr. Warbucks is holding on to his shares. <<Company management has on one occasion stated, I believe, that the institutional investor is a subsidiary of one of the largest 5 banks in the world.>> I guess you must be very close to company management, mooter. Because when Lev was specifically asked who Warbucks was during the last conference call, he refused to give any information about Warbucks at all. The most detailed public information is the reference in the PR to a subisdiary of a major international bank (which would include Credit Suise First Boston). But then, mooter, weren't you also very close to company management in 1997 when your sources told you production was on track for 1st quarter '98? And weren't you also very close to company management in the summer of '98 when your sources agreed with Fred's sources that a major OEM was ready to sign a purchase order? While I keep throwing out my wild theories, somehow, they tend to be much more accurate than your "understandings."