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

To: Pallisard who wrote (9180)	3/12/1999 7:29:00 PM
From: Bill Wexler	Respond to of 27311

Regarding the VLNC stock promotion fraud. I wouldn't go as far as to say "conspiracy", but don't you find it odd that this little Nevada company with 0 sales, 0 products and massive losses to date would have about 20,000 messages combined posted on SI and the Yahoo message boards since early 1997. Don't you also find it odd that there are several posters here (such as "Mark Johnson", "FMK"...and even yourself) who have done nothing else except frequently post about Vlanece since they joined SI...and many of those posts contain misleading information which claim some contact with insiders of prior knowledge of significant news? I can't "talk the stock down". The Valence fraud will unravel all on its own.

To: Pallisard who wrote (9180)	3/12/1999 8:00:00 PM
From: Dennis V.	Read Replies (2) \| Respond to of 27311

Hi Pallisard, yes, of course shorties try to talk stocks down, just like some longs talk it up. However, in this case, Wexler has made the reasonable challenge to justify the case for investment in VLNC. Unfortunately, in the heat of the moment, he made it sound a little like blackmail(free advice or I keep bugging you). I don't feel like taking up the gauntlet just now, better things to do. Just a few remarks in that direction. Bill has read selected posts by FMK, as suggested by Larry, and thinks he has found some kind of hype machine. However, I doubt that Larry has a serious short position in this stock-too dangerous, even with stops. You know, it's hard to believe we're even discussing this, but what can you do? This is a speculative stock and is subject to speculative attacks. Here, you have a company, whose major backers and board of directors are comprised of some of the most influential and respected businessmen in the country. They have large personal holdings in the company and have been steadily buying more shares. Ex officials of the company have been buying. Their scientists have produced some really impressive results, cutting edge stuff. Valence has more than 400 patents and I can only guess how many pending. Their grasp on this technology is exceptional. Their management team are some of the most impressive that I am aware of. I would compare them to bold innovators like Mike Armstrong of AT&T. Valence's team has beat the odds by building an operational factory capable of producing a product with huge market potential. They are capable of filling orders now, and I expect this will occur shortly. Hey, nothing is guaranteed, but the subject of "fraud" has nothing to do with this company.

To: Pallisard who wrote (9180)	3/12/1999 8:17:00 PM
From: Zeev Hed	Respond to of 27311

Pallisard, sure it is as axiomatic as the talking up and building up of expectations by the bulls, they certainly having been wrong more than once, I am sure that the bears will be wrong as well. The stock will fluctuate and even go down until they produce a real "Material" order. Where Bill Wexler is right, is that company has so far gone through more than $140 MM of other people money, and so far, at least, doe not have much to show in terms of orders and positive cash flow. If that changes and they get hundreds of millions of dollars orders annually, as FMK would like us to believe, then the $140 MM is peanut, but anything short of that kind of performance will be looked at by the market as "so, so". Zeev