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

To: kolo55 who wrote (5698)12/1/1998 12:37:00 PM
From: HQ  Read Replies (2) | Respond to of 27311
 
Paul: I agree this allows them to sell, but so did the original S-3 from August. What puzzled me here was that the number of shares allowed to be issued due to conversion of the preferred to common is only (!) roughly 2.5 million here, whereas the August filing allowed over 5 million new shares. Hence my question.



To: kolo55 who wrote (5698)12/2/1998 11:01:00 AM
From: Greg Smith  Respond to of 27311
 
The answer to the SEC filing is much simpler: VLNC is required explicitly by the language of the 8-K to approve additional common shares in anticipation of conversion of both the preferred shares and the warrants.


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