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

To: MGV who wrote (6893)	1/8/1999 8:17:00 AM
From: Paul Dubsky	Read Replies (2) \| Respond to of 27311

VLNC and Castle Creek I hate to bring this up, but I think people should continually remind themselves of the implications of the refinancing of CCs preferred shares. As Curtis had stated awhile ago, there's good news and bad news. The bad news is that the removal of the January timetable in the conversion clearly showed that Vlnc wasn't ready to produce/get contract by that date. Clearly. HOWEVER, the fact that CC DID allow a modification to the terms of the financing, and what I'd describe as very generous modification terms, they are aware of the potential of Valence and wanted to be a part of it down the road. If VLNC was truly falling off into insolvency after all of these years, then why in the world would CC bend over backward to allow the refinancing? You have to read between the lines, and some people's lines prefer to interpret things positively, and others, negatively, for whatever their agendas are. I'd hope that we can all simply contribute facts and educated guesses on this thread and cut the name calling, and all of the negativity. One thing's for sure, this thread gets TONS of traffic. Every day I check in, there's 20 or 30 more messages! BEst of luck to the longs.