Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Larry Brubaker who wrote (6704)	1/4/1999 11:27:00 AM
From: Jeff S.	Read Replies (2) \| Respond to of 27311

Larry, You have not become versed in FMK talk. Please note: He did not say he called the company, nor that the company told him their position. No FMK wrote: "They may verify for you that they have $10 to $20 million in cash." Note, they may not verify to you that they have $10 to $20 million in cash. FMK, it has only taken me a couple of years, and listening to many conference calls and reading your posts to determine that you are the spin master's spin master. I suggest you go directly to the White House and help out Mr. Clinton directly, rather than spending your time with us on this board. BTW, I am STILL long, and looking optimistically to an end of year price of, drum roll please... 15, more than double the close! At least I am realistic! Jeff

To: Larry Brubaker who wrote (6704)	1/4/1999 5:02:00 PM
From: FMK	Read Replies (1) \| Respond to of 27311

Larry, I never indicated that the company told me their cash position over the phone. I stated that I wasn't worried that they were running out of money. Here's a repeat of how I estimated $10mln to $20mln remaining cash. <<.. If you add 7.5 from CC plus 7.5 from CC plus 7.5 remaining on Carl's $10 million credit line plus $3 to $6 mln from insider options exercise plus laminate shipments to Delpi, Alliant and Hanil and subtract maybe 8 or 10 mln burned since the first 7.5 from CC, don't you come up with between $10 and $20 million working capital?>> We should also consider that customers have been paying for samples, and if thousands have been sent, that should also add to their cash position. Ram made a notable comment that "shipping in earnest" may mean they are being paid for samples! I believe Lev stated during recent conference calls that the burn rate had been substantially reduced. Good luck with finding a re-entry point.