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

To: kolo55 who wrote (14453)	9/9/1999 6:10:00 PM
From: I. N. Vester	Respond to of 27311

Q on exact conversion process: I just re-read the 12/21/98 8-K. If CC wants to convert they must fax both vlnc and the transfer agent. They must then overnight the certificate for the prefered within 2 days. The company must deliver a certificate for common shares within 3 days of receiving the fax. I would assume that the transfer agent will not automatically issue common shares without being requested by the company to do so. Suppose CC sends a fax tomorrow am saying, "gimme my common shares". Would the transfer agent start counting the new common shares tomorrow, or only on the day they actually deliver them to CC? If anybody calls the transfer agent tomorrow please confirm the exact process. I'd hate to see anyone jumping to the wrong conclusion based on misunderstanding the point in the process at which the common shares are officially counted. Larry B. can you help to clarify this?

To: kolo55 who wrote (14453)	9/9/1999 6:27:00 PM
From: MGV	Read Replies (2) \| Respond to of 27311

CC will not convert tomorrow despite your gleeful, repetitive ranting about it. You are wrong, again. Would you like to wager?

To: kolo55 who wrote (14453)	9/13/1999 5:06:00 PM
From: kolo55	Read Replies (3) \| Respond to of 27311

Updated conversion information The August 30 closing bid of 4 11/32 became stale today, and CC will have to convert prior to one minute before noon ET tomorrow to get this conversion price. The conversion price including tomorrow's closing bid, will increase unless the closing bid tomorrow drops to 4 5/16 or below. Here are the closing bids for the last ten days, and a forecast what will happen if the closing bid remains at today's closing bid of 5 3/4 through the next week: Date Bid 27-Aug 4.3125 Was only good until noon today. 30-Aug 4.3438 Became stale today, and drops out by noon tomorrow. 31-Aug 4.3125 1-Sep 4.2500 2-Sep 4.5625 3-Sep 4.6875 Conversion 7-Sep 4.8750 Price Shares Lost Each Day 8-Sep 5.6250 4.4240 1,771,500 0 9-Sep 5.3750 4.4240 1,771,500 0 10-Sep 5.2500 4.4556 1,759,000 12,500 13-Sep 5.7500 4.5503 1,722,400 36,600 Forecast if bid remains unchanged from current bid of 5 3/4 : Date Bid Conversion price Shares Lost Each Day 14-Sep 5.7500 4.7028 1,666,600 55,800 15-Sep 5.7500 4.8817 1,605,500 61,100 16-Sep 5.7500 5.1131 1,532,800 72,700 17-Sep 5.7500 5.3130 1,475,100 57,700 20-Sep 5.7500 5.4919 1,427,100 48,000 21-Sep 5.7500 5.6392 1,389,800 37,300 22-Sep 5.7500 5.6602 1,384,700 5,200 23-Sep 5.7500 5.7233 1,369,400 15,300 Total 402,200 In the next five days, CC will lose an average of 59,000 shares per day, if they don't convert. Paul