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

To: MGV who wrote (3708)	8/13/1998 3:35:00 PM
From: kolo55	Read Replies (1) \| Respond to of 27311

Berg and Dawson are the insiders I was referring to. I wrote: In fact the current insiders have commited themselves to large purchases of stock at prices higher than the current prices and loaned significant funds to Valence, in the last 8 months. You wrote:If you are referring to Castle Creek, the statement is perhaps right in form but not in substance. The second tranche only comes if certain material milestones are met. It is conditional. Please read the recently released 8K and you will see it is true that Berg has committed himself to loan $10M, of which $2.5M has already been paid to Valence. Dawson exercised a large number of options early in March and bought shares at $5.06 using a loan from Valence and his existing shares as collateral. The statement is true in both form and substance. OTOH your response appears to be intentionally misleading, unless you were unaware of Berg's loan and Dawson's option exercises. Paul