To: Mark Johnson who wrote (3591 ) 8/7/1998 9:29:00 AM From: John Curtis Respond to of 27311
Mark: I agree with your assessment. As much as one could play around with the idea of those financiers playing games, I gotta expect that since they've been made privy to what's going on inside VLNC then IF VLNC is as far along as we hope(and there's no reason at this point to think they're not), then there's no logic behind the manipulation scenario, eh? So, paraphrasing that 'ol law called......jeez HOW do you spell it......Occrams Razor, when contemplating alternative theories, throw everything out but the simplest idea. And the simplest idea is the one stating that the financiers have seen the plant, know of its capabilities, and probably have a good idea of p.o.'s lurking out there in the wind. Indeed, if VLNC is as far along as we hope, then this financing is really a sweet deal for them, eh? It gets them over the ramp-up hump they were looking at in a minimally dilutive manner. This leads me to suspect that VLNC must have had several financing options available to them which weren't quite as favorable so they picked this one as the best. Once again, it's probably the best IF they're on track. As for the shorting potential, me thinks the financiers knew it was a good arrangement, BUT they built in a little safety valve just in case......after all.....VLNC ain't yet overcome their history, eh? So as a financier ya gotta stay on guard and protect yer interests. As for the conference call. DAMN!!! I cannot attend it because I'll be in conferences myself at work all next week(we got a lot going on right now). Okay, who's gonna step up, participate on the call, ask the appropriate questions and provide a synopsis for the thread? Come on, come on....we need a volunteer!! Regards! John