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

To: Larry Brubaker who wrote (9591)	3/20/1999 2:54:00 PM
From: kolo55	Read Replies (1) \| Respond to of 27311

Try again Larry. you wrote:Under the best case scenario (fixed conversion price) there will be 2.5 million additional shares issued $15 million divided by $6.03. Therefore, if these shares were counted, there would be at least 27.9 million shares in the share count. My response: Companies use Weighted average shares outstanding in the calculations. The Preferred B shares issuance came too late in the Q to affect the DecQ SEC filing share count very much. Next Q filing, we should see the weighted average share count rise to the 27+ million figure. A year ago, the share count was 23.4M, the Castle Creek purchases, along with purchases by Lev Dawson and warrants issued to Berg, accounts for the year over year increase. Paul