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

To: Pronichev who wrote (5048)	11/15/1998 4:13:00 AM
From: Larry Brubaker	Read Replies (3) \| Respond to of 27311

Pronichev, good question. I found an example of a similar financing made by Castle Creek. Osicom (FIBR). Castle Creek invested $8 million in FIBR convertible securities in May 1998. Stock price was about $12.50 at the time. The price has since fallen to as low as $1.75, although lately it has rebounded to above $8. I see FIBR has redeemed some of the preferred shares and arranged other financing they describe as more beneficial to their shareholders.