VLNC: Valence Technology, Inc.(fka VLNCQ)

[finbar99]

>>what makes you think a company like JCI, who could not get their hooks in A123 at a time that was ripe and had no one bigger than them involved

They were outbid by Wanxiang - they aren't exactly a tiny fish.


>>could do any better with this company where there appears to be greed and corruption at the very top

There is greed everywhere - is it corrupt at the top because they filed for BK? Seems like almost every small company in the green energy sector has filed.

I go back to the original premise - after 7 months in bk, debtor files a motion to raise outside money, and reserves the right to sell itself outright during that process - raise money or sell itself, Berg's vested interest is to maximize value given that he holds almost all the debt and half the equity. JCI, among others, is listed as an 'identified party' in that motion. In a go private transaction where Berg funds the exit - his interests are not aligned with outside equity. Under a scenario where Valence is sold or raises significant new equity - his interests would appear to me to be very much aligned. At the end of the day, all we can do is look at what we know, place our bets accordingly and wait.