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

To: I. N. Vester who wrote (8229)	2/12/1999 2:51:00 PM
From: P. Ramamoorthy	Respond to of 27311

I. N. Vester - "He re-iterated that he wants to sell some stock to raise $, but only at a higher stock price. This came after admitting that they will burn thru all the cash within a few months." Thanks for the confirmation. Ram

To: I. N. Vester who wrote (8229)	2/12/1999 3:01:00 PM
From: Rich Wolf	Respond to of 27311

I.N.Vestor: My ears picked up when I heard that, too. He said they 'will need to take on debt, or sell stock, but are not aggressively pursuing it at this time, because they would like to wait for a better stock price.' (pretty close to a direct quote) And his voice was very relaxed and almost nonchalant. So he's sitting in the catbird seat, and has access to Carl's $7.5M if needed, but would rather do an issuance, and after the stock goes up on 'independently verifiable news.' ... All this, while the end of March looms closely. Yep, sure sounds like contracts coming soon. Very long, very comfortable. Rich