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

To: The Ox who wrote (8929)	3/5/1999 2:18:00 AM
From: Larry Brubaker	Respond to of 27311

Yes Michael, I do. I am not as comfortable as Rich about the VLNC "just in time" financing approach. VLNC is on record as saying it will run out of money again by March 31. I will be very interested to see the terms of the next round. If we haven't seen news of a purchase order by then, I think the next round of financing will be the best clue about their status. If they can raise money on favorable terms, I will probably be a buyer again. If it is more of the floorless variable variety, I may lose interest for good and this thread may lose its favorite skeptic <VBG>.