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

To: FMK who wrote (4948)	11/13/1998 12:01:00 AM
From: MGV	Read Replies (1) \| Respond to of 27311

It sure got beaten to death on the internet though, didn't it. That is just the point: financing is not a dead issue - just as dilution and production and market viability remain as unresolved vital questions. The problem for the investment community is that none of these issues have been put to rest. Ignoring or feigning resolution unfortunately has not been enough to bring the share price back to where it was 14 months ago or 5 years ago for that matter. Had any one of you used the money you have tied up in VLNC in any one of hundreds of revenue producing companies over that period, you would have had enough to buy VLNC in the event the key issues are ever resolved in the real world at prices far higher than VLNC's shares have ever reached before. Greed (how you felt when you bought this speculative R&D stage company) then fear (how you felt when you were whining and twisting in the wind with your margin calls in August) .... and then denial (how you feel after every CC and/or 10Q/K) is the answer. The question? What is the recipe for the misery of a VLNC long? (And for the record, shorting this stock isnt the answer either). What is amazing is that a guy who works for EMC and another who represents that he has been holding DELL for years would spin wheels with a company with VLNC's track record. It is a fascinating case study. The greatest bull market in history has been happening. Great storys have been unfolding in corporate America with visionary business models and products. The rising tide has lifted many ships. Yet, here you remain. Absolutely a mystery.

To: FMK who wrote (4948)	11/13/1998 1:13:00 AM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

FMK: <<If I remember, the financing package was discussed during the prior conference call. My interpretation is that Lev has not worried about it or had even thought much about it for a long time, as would be the case if he was sure of meeting the milestones.>> C'mon Fred, do you really believe that Lev would be so certain they will have a material contract within 75 days he forgot all about the variable conversion option? After all, it was only a couple of weeks ago they registered 5.7 million shares for sale to make available for the conversion. $7.5 million worth of preferred shares divided by 5.7 million shares. You do the math. If Lev is so certain they will have a material contract by 1/27, why couldn't he have provided a little more certainty to the owners of the company? By at least going on record that they have provided production samples to OEM's? ULBI reportedly said during their conference call they are producing samples for OEM testing from their automated line. Why couldn't Valence do this?