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


To: Larry Brubaker who wrote (10898)4/30/1999 3:44:00 AM
From: Rich Wolf  Respond to of 27311
 
Larry, you purposely manipulate and color the data. You fail to acknowledge the prior regular sales of shares, leaving the reader to believe that there were no others except these ... until they look for themselves. What about the sales the prior October? August? the previous spring and winter before that? Curious how you only report what fits your tale.

Actually, you always will grab the last word to twist and ignore facts to suit your purpose. Then we are left with speaking again in order to bring attention back to what was stated.

Most shareholders are NOT of the view that there was any witholding of information. Wasn't it Motorola doing the testing, and not Valence? Are you accusing Motorola of being party to this 'fraud,' and holding back on release of this information until May, so Lev could sell his shares back in March, like he had the entire prior year and a half?

It is ludicrous that you indict one without the other.

In fact, neither party had any foreknowledge of the eventual failure of the technology. And it is far more reasonable that Lev, not being the scientist developing the technology, believed that there would be some engineering solution to the problem that arose. Most certainly, he would not have known until the end that there was a truly insurmountable problem.

This will easily be evidenced at trial.... If it gets that far.

This case smells of only one thing to me: GREENMAIL.

PS Are you pursuing ULBI's management as aggressively right now?