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

To: Larry Brubaker who wrote (8989)	3/6/1999 8:18:00 PM
From: Rich Wolf	Read Replies (2) \| Respond to of 27311

Exactly, Larry. We're NOT worried, we ARE fearless. Come back and bother us in late July, when the conversion issue is relevant. And regarding the 'end of March' deadline, you forget many other untapped sources of money. Not least of all, if Carl Berg believed enough in the company to pony up and buy 400,000 shares on the open market last August, why would he let them dry up now, when they are weeks away from their first potential cash flow from sales of batteries? You would have readers here think he'd rather drive Lev into the arms of some bandits who are going to dilute his investment to nothing. Not! You conveniently neglect to recall to readers here that Castle Creek waived the conditions on the first tranche. They knew the exact status of the factory at that time, and have 'insider' knowledge not privy to the rest of us, regarding the status of the ongoing 'programs' with the customers, least of which entails the timing of contracts. You forget that Carl could choose to lend to Valence at any time, under any conditions. He could waive the conditions on his existing line of credit. I fully expect they will continue their inexorable march towards production, and money will not be an issue. Period. Since you're not invested, nor are your cohorts, I wonder why you invest soooooo much time and energy trying to convince people to 'sell sell sell, unload, dump the shares NOW! Hurry, before it's too late!!' Enough already. Let it go, Larry. Focus on your investments. Unless you're, ahem, short a bit, here. I would doubt it, you're clearly wiser than that. But if you are short, I think you need to consider covering, and pronto. Face this: you don't have all the facts, none of us do, so quit pretending and posturing. We're not budging either. Only the passage of time and the unfolding of events will show who was correct.