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

To: Pallisard who wrote (15153)	10/8/1999 6:21:00 PM
From: kolo55	Read Replies (1) \| Respond to of 27311

Updated conversion information. Doesn't seem like anyone wants to put up the conversion info today; so I'll have to step into the breach. (This is a particularly crucial time to review this information.) Here are the last ten day closing bids and conversion prices (note that the conversion price has remained virtually unchanged for six straight days): Date Closing Bid Conversion Price 27-Sep 5.0000(stale today) 5.1763 28-Sep 4.8125 5.0710 29-Sep 4.6250 4.9764 30-Sep 4.6250 4.9027 1-Oct 4.6250 4.8291 4-Oct 5.0625 4.8291 5-Oct 4.9688 4.8238 6-Oct 5.0625 4.8238 7-Oct 5.2188 4.8238 8-Oct 5.2188 4.8238 The conversion price will go up slightly Monday, unless the closing bid drops to 5.00, as the Sep27 closing bid that became stale today, expires one minute before noon. Will CC convert before noon to capture the lowest conversion price? On Tuesday, the selling coalition must drive the closing bid to 4 13/16, in order to prevent the conversion price from going up. Will CC convert before noon Tuesday, after realizing their second death spiral attempt has failed? Then on Wednesday, Thursday, and Friday, next week, they have to drive the closing bid each day to 4 5/8 to prevent a rising conversion price. Essentially the lowest four days are lined up in a row, by Monday's close. Paul

To: Pallisard who wrote (15153)	10/9/1999 12:04:00 AM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Pallisard & I.N.: How am I determining time-frames? Reeeal simple. My gut. Face it. Insiders bought in July. Has anything happened? No. Insiders bought in August. Has anything happened? No. Insiders have now bought in September. Will anything happen soon? The answer is most probably no(this despite what the underground would have you believe). As my conversations with the SEC have determined, there is no proscribed time-frame insiders must adhere to in order to insure their transactions aren't deemed suspicious by the SEC sweeps that're done after a material announcement. Still, it's safe to assume any insiders, and company management, will work to insure SEC sweeps have no cause to infer that management did something based on prior knowledge. My gut says a month is enough of a safety margin. So basically insider buying is a net-net positive that cannot be denied, although I'm loathed to consider VLNC anything other than an extreme speculative buy at this point. Still, I'll admit....I could be wrong. But so far...I'm haven't been, eh? Bottom Line? I'm still waiting for Lev Dawson and the rest of the current VLNC management to differentiate themselves from the management team that preceded them, that is Cal Reed and crew. Because from a general market perception standpoint....Lev Dawson has yet to remove himself from Cal Reed's shadow of non-performance in a manner that the market deems worthy. And speaking of performance....about those OEM p.o.'s..... John~