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

To: jean1057 who wrote (16579)	12/2/1999 12:47:00 PM
From: Pallisard	Respond to of 27311

Jean claude, re: Larry Sour grapes beget bad wine. :-)

To: jean1057 who wrote (16579)	12/2/1999 10:11:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

<<SURE Larry , whatever you say, Larry..(VBG)>> jean claude, since you laugh at my suggestion that VLNC will not get the IDB money until they have actually shipped $4 million worth of product, maybe you should actually read the filings: <<Aggregate funding under the grants is limited to L4,035,000 until the Company has recognized $4,000,000 in aggregate revenue from the sale of its batteries produced in Northern Ireland.>> Unless you expect these purchase orders to be paid for up front, the IDB money is contingent upon shipping $4 million of product. I'd guess 2nd calendar quarter of 2000.