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

To: kolo55 who wrote (15877)	11/10/1999 8:33:00 PM
From: add	Read Replies (1) \| Respond to of 27311

From the 10-Q We have produced prototype and production quality products that we believe have performance characteristics that are suitable for a broad market. However, additional development will be required to enable us to consistently produce battery systems with these characteristics. The Company presently has a limited quantity of products available for sale. Good news and bad. We have production quality and limited quantity for sale. Thats the good news. Why aren't the lines up to full speed,yet ? This has been the cause of delay since the Feb stockholders meeting. I hope someone really drills LEV on the production capacity/quality issues. I feel like there is a disconnect between the SEC filings and what is said in the CCs. It always seems that production is ready, but SEC filings always seem to indicate just another step to go. Looking back, all the sales to Alliant and Hanil amounted to about $500K over the last 4-5 months. Anyone care to go back and speculate on the pricing per meter of laminate ? Paul?

To: kolo55 who wrote (15877)	11/10/1999 8:53:00 PM
From: Larry Brubaker	Read Replies (3) \| Respond to of 27311

<<Looks to me like the floorless threat is about to be removed, followed by the 'leaky floorless' theory being relegated to the scrap heap.>> We'll see. I noticed that they have once again moved back the date for the completion of the construction in progress to the end of FY 2000. In the last 10-Q, they had (for the first time) moved this date up to the end of the September quarter. Now it has been moved back for two more quarters, as the end of FY 2000 is the end of March, 2000. If so, they may be relegated to go back to their regular infusions of cash. Furthermore, capital expenditures this quarter were next to nothing. Since they said during the last conference call that they needed to purchase a considerable amount of additional equipment to get to the projected $76 million run rate, the lack of capital expenditures during this quarter suggests they still are some way away from this projected rate of production. Finally, Paul, you neglected to mention that the fixed rate for conversion of Berg's loan is $5.05. Not $7, which the bulls on this thread claimed VLNC did not want to sell shares for because that was too cheap.