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

To: kolo55 who wrote (14573)	9/14/1999 11:52:00 PM
From: mooter775	Read Replies (1) \| Respond to of 27311

Thanks much for your posts, Paul. They make a lot of sense to me. Perhaps those who have argued so strenuously against the logic of Castle Creek converting can still manage to find a negative if CC converts even a portion of their shares. If so, those verbal machinations should be fun to watch. Off topic a bit, but Zeev, as one of the foremost technical trading watchers, and given your past post regarding the likelihood of the stock's breaking through $ 5.00 and thereafter $ 4.00, how do you read the past several days trading? Think CC will convert some or all of their shares?

To: kolo55 who wrote (14573)	9/20/1999 1:02:00 AM
From: kolo55	Read Replies (1) \| Respond to of 27311

Updated conversion information. CC has converted 3000 out of the 7500 Series B preferred shares, leaving 4500 shares outstanding (unless they have converted more since the partial conversion announcement by Valence last week). This is the conversion information for the remaining 4500 preferred shares as of Friday's close: Date Bid Conv Price Shares 3-Sep 4.6875 Stale on Friday, and drops out before noon ET Monday. 7-Sep 4.8750 8-Sep 5.6250 4.4240 1,070,000 9-Sep 5.3750 4.4240 1,070,000 10-Sep 5.2500 4.4556 1,060,000 13-Sep 5.7500 4.5503 1,040,000 14-Sep 6.0625 4.7028 1,000,000 15-Sep 5.9375 4.8817 966,000 16-Sep 5.5625 5.1026 924,000 17-Sep 5.5000 5.2604 897,000 The current conversion price is 5.26 which expires one minute before noon ET Monday. If the closing bid price remains at 5.50 on Monday, then the new conversion price will be 5.40, convertible into 874,000 shares. Paul