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

To: Merg who wrote (9235)	3/13/1999 2:33:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Merg, we don't know whether former executives "fled" or were "ousted." Many of the former executives have, in fact, added to their holdings of VLNC stock by exercising options. Some have sold stock but have acquired more stock through options exercises than the amount of stock they sold. That information is available through many sources including insidertrader.com While I am skeptical that VLNC is now "ready to go" as many of the bulls think, I would think long and hard before I shorted the stock. There has been substantial purchases of stock by insiders and ex-insiders, and this is hard to discount. The most negative argument that can be reasonably made about these insider purchases is that they represent a small proportion of the holder's net wealth, and that the insiders know they have to give the small investors some amount of hope in order to keep the price high enough to sell more shares. This hypothetical argument would not be enough for me to acquire any sort of substantial short position. If I were considering a position, short or long, I would wait until the terms of the next financing are announced. If the bulls are right and sales of product are near, VLNC should be able to convince somebody to buy shares at a fixed, rather than a variable price.

To: Merg who wrote (9235)	3/13/1999 4:18:00 PM
From: Tickertype	Respond to of 27311

Merg, There's obviously no place on the internet that says these people were fired, the press releases always say something to the effect that "he/she resigned for personal reasons"........the standard words all companies typically use. But it was pretty obvious what actually appened. Even the much-maligned Don Wolanchuk said on one of his radio broadcasts a few months ago that "Lev came back and cleaned house". Others have already posted links to insider trading, but here's another one listing the trading by present and former executives: biz.yahoo.com Regards, - T -