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

To: John Curtis who wrote (3263)	7/4/1998 11:47:00 AM
From: MGV	Read Replies (1) \| Respond to of 27311

A couple more misconceptions just crying out to be corrected in John's analysis. 1. The plant and equipment has a book value i.e. historical cost of $31 Million. Its market value is not $31 Million. The salvage or liquidation value is certainly less, probably a low fraction, possibly close to zero. 2. The 10 Million authorized preferred shares are mothing but paper. Pure paper begs the question: Who will buy it and what would they pay? Bow John, bow.