VLNC: Valence Technology, Inc.(fka VLNCQ)

[finbar99]

Just pulled up the docket for the first time in a month. I see motion to retain KPMG Corp Finance and Roth Capital as investment bankers to the debtor. I was largely figuring that Berg would do the exit financing and thereby control the entire valuation process. Based on the success fee, it looks like they will be looking for something north of 10 mm. To my way of thinking, this makes it interesting again - provided the IP is as good as claimed - as outside, arms length money of that size will in essence put a value on the IP. If it ain't worth crap, it ain't worth crap. If some outfit like Johnson Controls that couldn't get it's hands on AONE IP has an interest in the IP here, it could well serve to keep everyone with a seat at the table more honest. Any word on what happened to the ad hoc equity committee?