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


To: kolo55 who wrote (15026)10/5/1999 12:43:00 AM
From: Larry Brubaker  Read Replies (1) | Respond to of 27311
 
Thanks for correcting me on Castle Creek's previous conversion price, Paul. I guess I have to revise my post to say that Castle Creek obviously expects to convert the remaining 60% of their shares at a lower price than $4.47, not $4.60.

As far as who was selling to bring the price down again, you keep forgetting about Daddy Warbucks. Don't you find it just a bit coincidental that the price weakens substantially just before each Daddy Warbucks purchase?

Personally, I don't find it irrational to sell for a higher price than what you pay for the shares. Maybe you do?