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: John Curtis who wrote (15402)	10/24/1999 1:34:00 PM
From: Larry Brubaker	Read Replies (3) \| Respond to of 27311

<<Larry: You're assuming the past 3 tranches were purchased by the same institutional investor. If it has been, then you've got something there which would need to be reconciled.>> Actually John, what I am assuming is the "inside knowledge" being supplied to this thread is wrong once again. On October 10, mooter made the following comment, based on his conversations with several senior VLNC officers: "At least two new institutions have recently bought the stock - one (emphasis mine) in the private placements on a monthly basis for the past several months, and the second in the market in recent weeks." And yesterday, both mooter and Paul claimed that VLNC had assured them that the institional purchaser (note, not plural) of the VLNC financings had not sold any shares. My point is erroneous "inside knowledge" misinformation is being spread once again. Mooter claimed one institution is buying the placements. Both mooter and Paul referred to the "institutional purchaser" (not purchasers). Both mooter and Paul claimed that VLNC told them the institutional purchaser has not sold. All of the above cannot be true. A single institutional purchaser would have to file with the SEC, if he was holding the shares. No such filing has been made. Therefore, I conclude that the "insiders" have got it wrong again. The fact that the price plummets immediately before each Warbucks purchase is also strong evidence that the purchaser is using these shares to cover shares sold short, rather than holding the stock for investment purposes.