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


To: Herb Blair who wrote (8179)2/11/1999 7:24:00 AM
From: Bruce A. Thompson  Respond to of 27311
 
From the 10Q:

On February 4, 1999, the Company obtained stockholder approval for the
issuance of the full amount of the Company's Common Stock upon conversion of
all of the shares of the Series A Preferred and Series B Preferred and
exercise of all of the warrants. Consequently, as a result of the variable
conversion feature of the Series B Preferred, there is no limit on the number
of shares of the Company's Common Stock that may be issued upon conversion of
the securities issued in these transactions.