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

To: kolo55 who wrote (14347)	9/7/1999 3:50:00 PM
From: MGV	Respond to of 27311

LOL Try to control your schoolgirl glee! Projecting prices forward several days when the stock is up 1/8 and the day is not even over sounds as though someone is getting pretty emotional - emotional enough to lose sight. ; ) Thats my bet - klemencic's emotional glee is making him too dizzy to think clearly. "This really puts the pressure on the selling coalition... Hey guys, the ball's in your court, get out there and short!!" In all seriousness, one significant point that our myopic friend is missing is that there is no pressure to convert until VLNC produces. A few days of upticks is hardly a reason, let alone "pressure." If CC believes VLNC is for real, the possibility of "losing" 12,500 shares is a drop in the bucket. Don't believe me? Then go ask wolanchuk/kellett/mooter775. They'll tell you! Why, the ten time market timer of the universe has been reported as calling for VLNC stock to be at $100 by 11/99. ; ) There you go. The bottom line: CC has structured the deal so that they gain more by waiting. No klemencic, the pressure remains on VLNC and, apparently, on you!

To: kolo55 who wrote (14347)	9/7/1999 4:19:00 PM
From: Pallisard	Respond to of 27311

Paul, according to freerealtime, the closing bid was 4 7/8 or 4.875 instead of 4.81 making the conversion scenario a bit more pressing. Is this wrong; do you have a more updated closing bid? Thanks

To: kolo55 who wrote (14347)	9/7/1999 4:52:00 PM
From: kolo55	Read Replies (2) \| Respond to of 27311

Updated conversion information If the closing bids today through Thursday stay above 4.50, then the conversion price will begin to go up. The August 26 closing bid of 4.50 becomes stale on Thursday, and CC will have to convert prior to one minute before noon ET Friday to get the lowest conversion price. Here are the closing bids for the last ten days, and a forecast what will happen if the closing bid remains at 4 7/8 through Friday: Date Bid Conversion price 23-Aug 4.8750 5.1026 24-Aug 4.7500 4.9974 25-Aug 4.5625 4.8711 26-Aug 4.5000 4.7607 27-Aug 4.3125 4.6344 30-Aug 4.3438 4.5450 31-Aug 4.3125 4.4714 1-Sep 4.2500 4.4240 2-Sep 4.5625 4.4240 3-Sep 4.6875 4.4240 7-Sep 4.8750 4.4240 Forecast if bid remains unchanged from current bid: Date Bid Conversion price Shares Shares Lost Each Day 8-Sep 4.8750 4.4240 1,771,600 0 9-Sep 4.8750 4.4240 1,771,600 0 10-Sep 4.8750 4.4556 1,759,000 12,600 13-Sep 4.8750 4.5503 1,722,400 36,600 14-Sep 4.8750 4.6397 1,689,200 33,200 15-Sep 4.8750 4.7344 1,655,400 33,800 16-Sep 4.8750 4.8396 1,619,500 35,900 17-Sep 4.8750 4.8922 1,602,000 17,500 If CC doesn't convert in this period, under these conditions, they stand to lose a total of 170,000 shares worth about $825,000 at today's close. By comparison, the current face value of the convertible preferred is about $7,840,000. Paul