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: Herb Blair who wrote (15597)	11/1/1999 5:52:00 PM
From: MGV	Respond to of 27311

Another purchase below market (approx. $4.43) at the expense of the little guys on this thread and any others who have bought recently at $5 and above. How does the dirt taste little guys?

To: Herb Blair who wrote (15597)	11/1/1999 6:36:00 PM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 27311

Herb, Yhanks for posting the news. Just the news I was waiting for! Another month-to-month financing deal! Does not look good for VLNC, if VLNC's goal for the Dec qtr was to break even or be cashflow positive! Lev should explains this on Nov 11. My countdown stopped! Today's volume was not that impressive either. For all I know, VLNC may go back to square one. Ram

To: Herb Blair who wrote (15597)	11/2/1999 10:03:00 AM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 27311

A few quotes from the Prospectus: . We anticipate that, after taking into account projected revenues and receipt of funds from other sources, we will need to raise a minimum of $25 million in either a debt or equity financing to fund planned capital expenditures, research and product development, marketing and general and administrative expenses and to pursue joint venture opportunities through the remainder of fiscal 2000 and through the first quarter of fiscal 2001. We are a development stage company and cannot anticipate when, or if, we will ever have significant revenues from a product. We have derived our revenues primarily from a research and development contract with Delphi Automotive Systems Group, which we completed in May 1998. We presently have limited quantities of commercially developed and manufactured products available for sale. These factors raise substantial doubt about our ability to continue as a going concern. Our Current Available Capital And Future Revenues, If Any, Will Not Be Sufficient To Meet Our Future Operating Needs. We Do Not Yet Have The Sales Staff, Support Capabilities And Distribution Channels To Distribute Our Products On a Commercial Scale. We have been unable to meet our prior schedules regarding delivery, installation, de-bugging and qualification of the Northern Ireland facility production equipment. As most of the production equipment is being specially manufactured for us, further problems may develop and cause further delay in our current schedules. If CC Investments were to exercise all of the warrants it holds and convert all of the shares of preferred stock it owns, as of October 28, 1999 it would have acquired approximately 1,925,000 shares of our Common Stock. The number of shares into which the preferred stock converts increases at 6% per year. If CC Investments exercises the warrants or converts our preferred stock into shares of Common Stock and sells the shares into the market, such sales could have a negative effect on the market price of our Common Stock and would dilute your holdings in our Common Stock. Additionally, dilution or the potential for dilution could materially impair our ability to raise capital through the future sale of equity securities.