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

To: Larry Brubaker who wrote (7984)	2/5/1999 11:10:00 AM
From: FMK	Read Replies (2) \| Respond to of 27311

Larry, read my post again regarding material events. I said that the release of joint venture partner and customer announcements would be controlled by the jv partners and the customers. The 270 was posted on this thread by someone who visited Henderson in December. The information should therefore be categorized as "our sources", not my sources. The sources you were relying on last year seem to have told you that Valence would be unable to obtain financing. When the first Castle Creek deal was struck, all you could talk about was a "death spiral" and January 27. CC's terms were since improved and you seem to run out of arguments in that area. If the actual number of NI employees is lower than 270, there is a smaller payroll and therefore a reduction in burn rate.