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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (7690)	11/11/2000 2:22:57 PM
From: Larry Brubaker	Respond to of 30051

Zeev, Berg's buy in the open market in March was prior to the $12 million line of credit. So they haven't tapped that yet. I agree with you that this is most likely a "friendly" floorless line of equity. As far as NI being a "demonstration facility," I would think that in order to attract licensees to buy in to the VLNC "improvements" to the Telcordia IP, they would need to demonstrate not only can they build nice batteries, but that they can build them in volume at a profit. Also, I doubt whether the market has gotten around yet to valuing VLNC as a licensor, and comparing that value to other licensors such as RMBS. You're probably quite ahead of the curve there Zeev, which is why I enjoy reading your posts. Finally, if you consider fully diluted shares, VLNC is probably closer to 46 million shares counting the additional 3 million to Telcordia.