To: Rich Wolf who wrote (25630 ) 10/17/2002 12:20:25 PM From: Larry Brubaker Respond to of 27311 <<My original offhand and poorly worded comment>> Translation: your blatantly erroneous comment. <<amongst a fairly goodsized universe of high-beta tech stocks, of which many have fallen 90% in value in the last year or so, Valence has actually held up better than most (i.e., above the median).>> And what is this "fairly goodsized universe of high-tech beta stocks?" I've demonstrated that VLNC has substantially underperformed the tech-heavy NASDAQ for every time period betwen 3 months and 10 years. Where is this "universe" of yours? <<Yeah, Valence sure frustrates the heck out of the shorts>> Knock knock. Is anybody home? VLNC is down by more than 98%. It is selling for pennies. The shorts have earned a HUGE payday on this POS. But in your mind they are "frustrated" because their 98% gain isn't 100%? LOL! <<And I'm very tired of your posting 'old news'. Many of us were misled by previous management>> Tell me Rich. Which iteration of VLNC management HASN'T misled. There is the original Dawson era that was characterized by announcements of $100 million "contracts" resulting in $0 revenue, massive insider selling and stock fraud lawsuits. There was the Cal Reed era that was characterized by repeated claims of imminent commercial production on several assembly lines that resulted in $0 revenue. There was the 2nd Dawson era that was characterized by announcements of dozens of contracts described with large-sounding adjectives that resulted in miniscule revenue. Apparently, in your mind, this is all "old news" now should be swept under the rug. But that leaves us with the comments by the current iteration of management. Do you consider comments by the current iteration of management to be "old news" as well? How about the projection of $50 million in revenue this year? Do you think they will actually achieve 1/10th of that amount? (I don't). How about the prediction of a phosphate licensee by January and multiple phosphate licensees by now? When they pat themselves on the back during conference calls for successfully transitioning to a "customer driven company" (whatever that means), why do they never want to talk about why they have yet to sign a single phosphate licensee? How about the conference call comment that "things have never been better in NI" immediately after they wrote down a substantial portion of the value a substantial portion of their plant, property and equipment? How about the press release describing "licensing fees" (which were actually accounting adjustments) from Hanil, who was described as a "valued licensee" who, in reality, had apparently shut down and was selling their equipment? <<You really should just 'get over it' and move on.>> Let's see. I've been proven right time and time again. You've been proven utterly and spectacularly wrong time and time again. Maybe you should consider that YOU are the one who should get over it and move on.