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

To: add who wrote (9752)	3/23/1999 9:06:00 PM
From: Larry Brubaker	Read Replies (3) \| Respond to of 27311

add, the most important part of this question seems to be whether VLNC will receive additional funds when the warrants are exercised. From my reading, I'm not sure they do (e.g., the warrants were already paid for in the $15 million). Zeev and Paul apparently think they will still receive another $5.8 million if and when all of the warrants are exercised. From what you wrote, I think you are agreeing with me that the warrants have already been paid for. Is that what you are saying? If so, its 2 to 2. If not, its 3 to 1 against me and I'll assume I'm wrong.