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

To: kolo55 who wrote (10565)	4/20/1999 9:27:00 PM
From: hcirteg	Read Replies (2) \| Respond to of 27311

Paul- Put the puzzle pieces together and you come up with only one conclusion...success for VLNC shareholders and probably very soon. LEV is going to get more $$$ for the company through more shares. He said he was going to do this with what he hoped was higher stock prices. Higher stock prices through third party, independently verifiable news. IMO, LEV knows the stock will rocket when a material PO is announced and that would be a great time to raise cash. Depending on how well the stock is doing will drive how many shares he needs to sell in the open market. I'm pretty sure the SHORTS will be the ones scooping up those new shares as fast as they can as demand may be a wee bit too high for the existing float. I'll sell mine...but not until I see 30+....naaa 40+...naaaa I'm not selling! Good luck. HC PS If this announcement (which came out b4 the bell) was such bad news...why didn't the stock sell off? It's not good news yet, but if it was bad, the stock would have fell more.

To: kolo55 who wrote (10565)	4/20/1999 9:28:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 27311

<<For example, thread readers should remember all the hype of how Castle Creek is converting their preferred and shorting Valence stock...>> Paul, yes the SEC does contradict your theory that Castle Creek was converting preferred its shares. I never theorized they were converting shares. Why should they convert when they earn interest on those shares? I still think they are hedging their bets against those shares, however. <<This is the same hypester that said the company ran out of cash on March 31.>> Once again, you are putting words in my mouth, Paul. I've never said they ran out of money on March 31. How would I know this? I have no access to their books. I simply said their own filings said they would run out of money by March 31. I've also pointed out that they had negative working capital of $2.5 million (after receiving the $7.5 million) on December 31 and have a burn rate of $7.5 million per quarter. <<The filings weren't wrong, but your interpretations were.>> So tell me, Paul. What is your interpretation of "we have no products for sale"?