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

To: jean1057 who wrote (9544)	3/19/1999 7:32:00 PM
From: John Curtis	Read Replies (1) \| Respond to of 27311

Jean: I'm "popping" up for a sec.. Consider this codicil in the filing: >>CC Investments has agreed that on any day it will not sell our common stock on a public trading market in excess of the greatest of (i) 30,000 shares, (ii) 15% of the total number of shares of our common stock sold on the Nasdaq National Market during such trading day, and (iii) 15% of the average daily trading volume on the Nasdaq National Market for the five consecutive trading days immediately preceding such sale, unless such shares are sold at a price in excess of $12.00 per share. << I consider this filing as a "flag" C.C. is waving to the authorities stating that, as an ~11% holder of VLNC, they want to establish the clear authorization to sell at some future time(this filing doesn't mean they're gonna start doing so come 9:30am Monday). Furthermore, given the above this tells me they're getting themselves ready to be able to sell into demand they see coming. Now let's think about this....demand(in excess of that 30K limitation) they see coming.....hmmmmmmm...... Of course, this is imho, so I'll be interested to see other folks "read" of this situation. Rich, take it awaaaayyyy, or Mooter, Zeev and Larry, too Regards! John~

To: jean1057 who wrote (9544)	3/19/1999 7:57:00 PM
From: I. N. Vester	Read Replies (1) \| Respond to of 27311

JC: Is this the first time you have bothered to read one of these filings? You really should be looking at all of them, esp. as such a big shareholder! They have been describing the risks in greater and greater detail. Remember, before they announced a big contract with Motorola and the price ran up. They could not mfg the batteries. The price crashed. They were sued and spent $6M defending the shareholder lawsuit. They have learned their lesson well. We know from talking with Lev that he wants to make very sure that this cannot happen again and that he and the company are protected. If they make an announcement, then the market over-reacts and the price goes up then comes back down either because of market froth or because they later run into any of the possible difficulties they describe, at least nobody can claim they were not warned of the risks. To my strongly bullish sense, the more care they take in describing the risks, the closer they are to actually having some solid good news which will move the price. <this is the sort of statement the larry brubaker and darkgreens of the world will take as stupidity, but who cares about them, they are looking down the wrong end of the telescope!> BTW, the market knows that there are 25M shares potentially for sale on any given day and so far is holding up quite well under than ominous knowledge. IMHO it would be very foolish to lose your nerve at this point in time.