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

To: PRC who wrote (4586)	10/27/1998 11:44:00 PM
From: Sig	Read Replies (1) \| Respond to of 27311

I tried downloading that registration, but could get only the left half, as the pages are too wide and the horizontal bar doesn't bring it in. But I read it all, and can't understand exactly what it means and why, and for whom this was filed. It's 27 pages long, with so many disclaimers that the awareness-making of it all gets one wondering how we've even gotten this far. There's a long closer of maybe five or so pages listing every possible competitor and where they're at. I'd really love to get some reactions to this. And thanks in advance. The download address in PR's post.

To: PRC who wrote (4586)	10/28/1998 12:32:00 AM
From: FMK	Respond to of 27311

PRC- You failed to include a Yahoo explanation that the 5M shares were registered as a "worst case" and if Valence meets the milestones as expected, the dilution for the next $7.5 mln will not exceed 1 mln shares. I remember Castle Creek's due diligence, decision to lend and the terms were considered quite postive. BTW, do you suppose Valence is having analysts over to gather evidence that the production machinery doesn't work? Would they make the trip to see it with their own eyes so they can recommend that clients short the stock? It must be what Lev had in mind.