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

To: Mark Johnson who wrote (5994)	12/14/1998 9:50:00 PM
From: Larry Brubaker	Respond to of 27311

Mark, sorry for breaking my earlier promise to you but I just thought I should point out that you are a complete buffoon. Rather than learning from someone whose knowledge of the market far exceeds your own, you ridicule him instead. I find Zeev's scenario quite plausible and, in fact, quite probable. You say Zeev is out in left field when the evidence (large recent increase in the short position) is on his side. You ridicule the death sprial scenario as "wild ass speculations" when it was the elimination of this very scenario today that gives cause for celebration. In case you hadn't noticed, Zeev said he bought shares today. You should be thanking your lucky stars he did, because that will give him the motivation to continue to follow this stock. Open up that thick skull of yours and you just might learn something. Unfortunately, I hold out little hope for that scenario.

To: Mark Johnson who wrote (5994)	12/14/1998 9:51:00 PM
From: wm sharp	Respond to of 27311

It appears the Larry, No, and Curly Fishing Tourney is still underway... a.k.a. "If you bottom fish with bait, you're bound to snag a few suckers." Well, there aren't even a few miserable carp left for these scavengers now. When they're down to dredging up old issues of Red Chip, we know it's slim pickins in the detritus area. I'm still wondering, however, if Larry ever took delivery of First Prize. (For all we know, the hook is still drifting aimlessly in the Marianas Trench.) techstocks.com techstocks.com

To: Mark Johnson who wrote (5994)	12/14/1998 9:56:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 27311

Mark, what can I say, you are all a bunch of paranoids, I have stated quite clearly this morning that I have acquired an initial position on the opening because the floorless issue became toothless. When I say a "Toe wetting Position" it means typically that my intentions are to increase that position. Now the difficult part is to assess where to add. This morning, I correctly stated that the stock will run to just under $9 on the strength of the news release and then drift some back. I have also stated that there is a chance of the stock drifting back under 7 and the CC scenario could be one of the reasons. The other could be the market itself, yet another reason could be delays in obtaining that first massive order. I am guessing that the current burn rate could be well in excess of $3 MM per month (if anyone knows, please post) and delays in shipment will means need for more "bridge financing" until the first $4 MM is shipped at which point the money from the "Irish" will kick in. All I am trying to assess is what will the additional financing cause in possible delays in the "J" curve from materializing, instead of all the time trying to divine my motives and my "ego". If you knew how to read you would simply address the numerical facts I have presented, they speak for themselves, they are not onerous for the company and they present, by themsleves, at most some downside risk to the conversion price. Mind you, Lev himself stated he expect the stock to possibly drift to those levels. I just provided the rationale. It is quite tiresome to have to respond to non sensical posts such as yours. Address the issue and not my motives. Can CC make money in the way I have described without taking any market risk or is that scenario full of it? That is the question. By the way, there is nothing nefarious in hedging a convertible position, VLNC should be thankful that it has access to capital in that manner. The floorless situation which existed until this morning's news release, had nefarious elements in it and that is what I came here to warn about at the time. So, please get off of your high horse and take off your rose colored glasses and start and look at this opportunity with some rationality. If you fall in love with a stock, just like a with woman, you are sure to get hurt. Zeev

To: Mark Johnson who wrote (5994)	12/14/1998 10:12:00 PM
From: FMK	Respond to of 27311

Hi Mark, good post! As you know, we do have a few individuals to thank for warning us of the dangers in fine print on financial documents. It was appropriately as helpful as warning us that we may lose our homes to the bank if we don't make our mortgage payments. It may, in fact, have been enough to worry some shareholders enough to sell in the 4's, 5's and 6's while some others were covering their short positions. I remember estimating the number of foreclosures at about 2% as compared to about 5% for companies failing after using "floorless convertible" financing. Now that the floor is firmly in place, I hope we can move on to other issues. All I can say is if the naysayers continue to dwell on the subject, they have found nothing else of consequence for us to worry about. If we get an order from Compaq, the naysayers will complain that it wasn't from IBM. If an order comes from IBM, then what? exchange2000.com I continue to believe it is wise to accumulate as much as possible while the price remains in single digits!