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

To: Dennis V. who wrote (4618)	10/29/1998 9:15:00 PM
From: Mark Johnson	Respond to of 27311

Nice article on Li/Poly from another thread: Overview of Li-ion Polymer Rechargeable Batteries" In Wireless Design on Line wirelessdesignonline.com

To: Dennis V. who wrote (4618)	10/30/1998 7:54:00 AM
From: hcirteg	Read Replies (1) \| Respond to of 27311

Good morning Dennis: Quite honestly, I think the conversion price has nothing to do with the price movement of the stock. IF...VLNC has indeed invited and shown analysts the plant, then I think this was the sole reazson for the nice move. Furthermore, the stock is on everyone's "watch" list right now. I am sure there are many onthe sidelineswaitning for the stock to fall back. Note the volume reversal int hepast few days with the MM's dropping the bid on low volume, only to have buyers push it right back up. IF...the stock can hold the $5.50+ level today, then I see a resumption of the move forward north. Without news, I see the next resistance at $7.25...hope we see this sometime in the next couple of weeks. Dennis, check out FMK's and Mooters projections on profits. VLNC can go from a loss to a profit in a matter of months NOT years. That is why the upside of this stock is so high. What other holding do you own that could literally triple in the next 3-6 months? FMK, Mooter et al are NOT hypsters. Follow their lead as they are pointed to go to the motherland. I have and will continue to do so. Good Luck. HC PS...hey Lev...still waiting for a new Press release..the market opens in an hour and a half, so please issue it before then. Thanks!

To: Dennis V. who wrote (4618)	10/30/1998 1:51:00 PM
From: Greg Smith	Read Replies (2) \| Respond to of 27311

Hello. I've been studying this stock, this thread, and the most recent 10-K, 10-Q and S-3 for the past couple of weeks. Why would Castle Creek want to sell short and try to place a ceiling on VLNC? Don't they stand to profit more if the common share price increases? They own 7,500 preferred shares at $1,000 per share. The conversion formula allows them to get approx. 165 shares of common stock per preferred share prior to July 28, 1999 (or Jan. 27 if VLNC doesn't meet its milestones). They must believe VLNC can deliver to have made the investment, and they stand to make a lot of money if the share price goes well above $6, so why would they hedge their bet? If true, that would seem very pessimistic to me.