Question Marks at Valence Technology - Andrew Left

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Question Marks at Valence Technology
Apr 10, 2008 12:29 PM UTC

Andrew Left

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Symbol	Sentiment	Start	Return	Closed
VLNC		04/10/08	+100.00%	--

Via Short Stock Ideas from Seeking Alpha:

“Trust, but verify.” – Ronald Reagan

Here is a short and sweet story that has been infesting Wall Street
for over 15 years. Valence Technology (VLNC) is one of those
“developmentally challenged” companies that never seems to get out of
development stage. For 15 years, they’ve claimed to have a lithium
battery that is promised to have uses from computers to aircraft to
scooters to automobiles. Certainly, there has been a battery of press
releases over the past 4 years …. But no meaningful business ever comes
to fruition.

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