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

To: Larry Brubaker who wrote (5029)	11/14/1998 4:53:00 PM
From: Gordon Quickstad	Read Replies (1) \| Respond to of 27311

Larry, you stated.. >> The CEO was unwilling to go on record that the assembly line is providing production samples to OEM's, and refused to discuss the terms of the financing. Again, red flags for me. << Lev said that he could not announce anything material in the conference call or close in time to it because it would be a partial disclosure. Basically, he was able to discuss the past quarter's financials, but that didn't really occur because VLNC doesn't have a CFO, and then take questions. In a way, the handling was bullish because it may mean that events are so close to announcement that he was basically prevented from discussing much. The convertible stock question and the cash question are big questions, but he obviously didn't want to release a flood gate of discussion during the conference call (such as has occurred here on this thread). It could have invited a heavily attended conference call to degenerate into a slam session by a few who don't wish the company well. That could have hurt the stock at a poor time, caused just by him not able to control the call like he should. It also may have put pressure on him to defend the stock in manner that might be questionable by the SEC.