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

To: John Curtis who wrote (6919)	1/8/1999 5:02:00 PM
From: Greg Smith	Read Replies (2) \| Respond to of 27311

"So for all us 703 speculators..." John, you do understand that 703 "registered shareholders" does not mean that's all the "shareholders of record" there are, right? Retail brokerages are no doubt among the registered shareholders, and they sell to thousands, if not tens of thousands, of individual investors who are not "registered" shareholders. (To illustrate: a company will send a block of quarterly reports to Dean Witter, not individual reports to each of Dean Witter's customers.) Just an FYI if this wasn't clear before.

To: John Curtis who wrote (6919)	1/9/1999 2:45:00 PM
From: Gordon Quickstad	Read Replies (2) \| Respond to of 27311

Does that the 703 shareholders count the many who have their stock held in the street name? The regional broker I use would have to supply my name to the company or something like Edgar on a timely basis. Do they do this? I know that the electronic representation or the actual certificates or whatever I had that made me a shareholder, has the firm's name on them and not mine. This is why they don't require my signature when I call up and sell, and why they can borrow my shares to supply a shorter with shares to sell without asking me. So does VLNC actually have thousands of individual shareholders or just 703? When I get a proxy, it's because the street firm has forwarded it to me and not because the company sent it to me. The street firm perhaps only supplies names and addresses to the outfit that mails out annual reports and proxies and then they in turn request from VLNC the number of annual reports to do this. The 703 figure may come from VLNC Investor Relations and maybe didn't reflect my name. Do ya know?