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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (33213)2/25/2002 3:56:23 PM
From: Zeev Hed  Read Replies (4) | Respond to of 99280
 
I don't know, I think it is one of Da cheif favorites, he might know. It sure looks like ferocious selling there. A floorless we did not know of?

Zeev



To: Rich1 who wrote (33213)2/25/2002 10:28:01 PM
From: Larry Brubaker  Read Replies (2) | Respond to of 99280
 
<<VLNC just broke yearly low...Why???>>

1. $100K in product sales last quarter.
2. Will need new financing in the next month or two.
3. $55 million in debt.
4. The debtor is the only likely source of funding. Why shouldn't the debtor allow them to default on the existing debt, force bankruptcy, and own the whole company, before providing additional funding?


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