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

To: jean1057 who wrote (9552)	3/19/1999 9:01:00 PM
From: I. N. Vester	Read Replies (1) \| Respond to of 27311

JC: We know that samples have been sent out and that the lines have been run at production speeds. Lev told us that very clearly at the SM. I'm not saying be a polyanna and ignore what the filing say. But understand them in the context of how they are used. They keep making filings e.g. this one which allows CC to sell any of their holdings. The main function is to satisfy the SEC regulations. There is no business advantage for the CEO to spend a lot of time monitoring them and rewording them. We all would like to believe that the CEO works for us and should maximize his efforts to keep us from getting nervious. The fact is that nobody in the business ignores these filings, but they don't expect them to reflect the very latest news (execpt for the financial statements!). Unfortunately investors have been spooked before. I think most are now immune and I'm sure you will be alone if you sell in a panic on monday! Don't lose any sleep over this!

To: jean1057 who wrote (9552)	3/19/1999 10:35:00 PM
From: Pallisard	Respond to of 27311

Jean Claude - La grosse femme va chanter. Visnic and Wexler will slither away and the Riviera will beckon. Hang in there. Vive Valence!

To: jean1057 who wrote (9552)	3/19/1999 10:36:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 27311

Jean Claude, there is a very bullish side to that 423b, if they are filling now, sure there will be some pressure on the stock until they unload their 1.7 MM shares, but, the positive side is that they will be converting at the ceiling and since the preferred B is the last of the floorless, the danger of a death spiral once July comes around will no longer be there since they would have converted everything. Yes the prospectus is still full of all the precautionary statements and you should listen to these, but that is about the same situation you had when the last S3-A was filed, so if you still liked the odds then, you should like them more now. Just as during the last S-3a there were major questions as to their ability to stay afloat beyond the end of March, the same uncertainty is present right now. If they get additional financing without ominous floorless conditions, then you know the lender or investor checked and made sure he'll get his money back. Otherwise, you are simply at the same place as before. Zeev

To: jean1057 who wrote (9552)	3/20/1999 12:04:00 AM
From: MGV	Respond to of 27311

and YES you are right...with the amount I am invested I should have read ALL the filings...being invested in VLNC for many years might have blinded me a bit...believe me I still want the dream come true.. With no interest in belittling a guy who clearly is seriously rattled, what is written above could happen to many of the people who make investments without taking SEC reports seriously. Boilerplate is boilerplate. Statements of fact are statements of fact. Do no let anyone persuade you the two are the same when it comes to shareholder reports. The disclosure requirements in the US are what separates investing in this country from investing anywhere else. Ignore them at significant peril. Anyone questioning this should go back and read the exchanges written on this thread last summer. In hindsight, the ideas broadcast here then may be a little more comprehensible to those who then refused to listen.