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

To: kolo55 who wrote (14937)	9/29/1999 11:57:00 AM
From: MGV	Respond to of 27311

"The SEC filings are intended to identify all reasonable risks (among other things), and this is a speculative stock. The SEC filings are not intended to provide a balanced investment analysis of the company prospects." The above two statements are misleading and false, respectively, and represent egregiously poor, if not financially dangerous, advice. One of the purposes of SEC regulated shareholder reports is to identify risks for investors. It is only one of the purposes. Another primary purpose is to report to shareholders as accurate an assessment as possible of current business status and to forecast as accurately as possible future prospects. These purposes do not vary according to whether some one might categorize a company as "speculative" as opposed to "proven." The SEC does not distinguish or otherwise categorize companies as such. All companies face the same standards for reporting. Moreover, wholly apart from SEC requirements, management owes a fiduciary duty to reportall aspects of business status to shareholders. Your flawed advice and reasoning is rooted in your failure to distinguish legal disclaimer from factual statements. There are a number of factual statements in the latest filing and they describe a very troublesome competitive position. In fact, the fact statements reveal why VLNC's share price is under significant pressure (4 3/4 as I write). Focus on the fact statements for insight into the companies prospects instead of real or imagined trading strategies. You continue to miss the point and provide flawed advice that you repeatedly have shown you are not competent to provide. Incidentally, the Moltech press release in the previous post is very clearly inconsistent with klemencic's stated interpretation of his alleged conversation with a Moltech executive. It is very likely that either the call did not happen, the executive misunderstood klemencic's question, or klemencic misinterpreted the executive's statement.