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.

Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Razorbak who wrote (5690)	12/23/1999 2:25:00 PM
From: Larry Brubaker	Respond to of 10293

Razor, re: VLNC, I agree with your comments. IMO, today's financing is the strongest evidence yet that VLNC may actually be turning the corner. This, coming from a long-term VLNC skeptic. I just don't see an institution putting that kind of money (even with the discount) into a stock fraud. They'd be taking too much risk of a share price collapse before they could flip their $32 million. Having said that, I'm not rushing out to buy the stock either. Add today's shares to the fully-diluted total, you've got a market cap. right around a billion, which is kind of pricey for a company with $17 million of orders over the next 15 months. But today's financing should give them the working capital they have needed for years and allow them to actually service these orders.