Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mooter775 who wrote (15361)	10/22/1999 8:58:00 AM
From: John Curtis	Respond to of 27311

Mooter: Agreed. This also means from a "conflict" standpoint(that is, Paul's in-depth write-up via level II of the games that've transpired) that this strategic war for share value and position is reaching end-game as C.C. only has left roughly 60% of their Preferred B left. Still enough ammunition to conduct some strategic thrusts(as buying pressure still isn't much more than a counter to any downward pressure seen to date), but they're definitely running low. As a consequence, any hangers on using the short tactic's I'd expect to see begin covering, just because of today's little announcement. Will this happen? Only the market action can tell us for sure. Bottom line? Castle Creek is rapidly becoming a bit player in VLNC's story. Let's hope the vacuum they're leaving is soon to be filled by some earnings and p.o.'s, eh? John~

To: mooter775 who wrote (15361)	10/22/1999 9:00:00 AM
From: geep	Respond to of 27311

From the press release ".....Valence is a leader in the commercial production of lithium polymer batteries." Key words: COMMERCIAL PRODUCTION . I like the sound of that. Now sell the damned things....lots of them!

To: mooter775 who wrote (15361)	10/22/1999 10:38:00 AM
From: Larry Brubaker	Respond to of 27311

mooter, your reasoning for why they converted the first tranche probably makes sense. Since the conversion price was fixed last December (aside from interest accrued), there must be some reason why they are converting that tranche now, as they are giving up future interest on the preferred shares. The only nefarious reason I can think of is they are converting to try to somehow stimulate a rally into which they can reshort against their remaining variable rate conversion shares of the 2nd tranche. It sure would be nice to have the remainder of that second tranche converted.

To: mooter775 who wrote (15361)	10/22/1999 9:07:00 PM
From: Harold Hertzfeld	Read Replies (2) \| Respond to of 27311

Mooter, I was told that CC was not allowed to own more than 5% of the outstanding common. Hopefully, then, much or all of this new common stock was delivered against a short position they had established perhaps well above $6 /sh. A Tax Question: Did they have the Preferred A long enough to claim a long term capital gain on the shares to be delivered against the short position? And do you think that they are unhedged with the balance of the B preferred? If you add the warrants they own to the remaining common stock represented by the Pr B it would be a sizable bet by them that things are looking up. Harold PS I have enjoyed your posts in the past. Thanks.