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

To: add who wrote (11077)	5/10/1999 9:51:00 PM
From: add	Read Replies (1) \| Respond to of 27311

The request for a delay clause in the effective date of the registration is curious. Shelf registrations have a life of 2 years from the effective date. The effective date is sometime between the filing and SEC approval. The distribution of this period varies a lot based on when the SEC gets around to it and is given: sec.gov Typically, non-reviewed applications should take 3-4 months. There are proposed rules to make this whole process more efficient, but none of that for now. The filing was on April 20, which means Lev expected to have approval around August and it would be effective until Aug 2001. So why put a clause to delay the effective date ? If they need $50M this year, the effective date should be ASAP. Could it have something to do with the recent legal setback ?

To: add who wrote (11077)	5/11/1999 12:20:00 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 27311

add - "...doldrums..."? Delay is the key word, whether investors like it or not. After Dec 98, the market seems to have decided to wait it out - until the PO and commercial quantities are "for real". Many brokers have much misinformation about VLNC and the Li Poly technology. NI visits, video shows, Lev's cc's or his grand plans, etc. do not cut it. A couple of PO announcements and price momentum are needed for the market to take notice. Until then, ZZzzzz... JMO Ram