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

To: Zeev Hed who wrote (10461)	4/15/1999 9:10:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

Zeev, the "financing is not an issue" claim has been repeated over and over on this thread for a year. During the last year, VLNC has been in a constant situation of negative working capital, has come very close to completely running out of cash twice (now a third time), and each of the other two times, came up with floorless convertible financing at the last minute in order to keep breathing. The "financing is not an issue" argument is a joke, IMO. And to those who continue to claim I am trying to talk the stock down so I can buy at a lower price, you are completely mistaken. I would not touch the stock at a lower price. But i am quite liable to buy at a higher price if there is sufficient reason (a purchase order, a financing on favorable terms) to do so.