VLNC: Valence Technology, Inc.(fka VLNCQ)

[finbar99]

I don't know that T.A. works down here in the dumpster on a Wall Street back alley.

http://www.valence.com/sites/default/files/220_-_5-1-2013_stipulation_to_extend_deadline_for_the_committee_to_file_a_complaint_re._pre-petition_liens.pdf

I do see the UCC and Berg Enterprises have stipulated to defer the deposition of Carl Warden again. The UCC wants the deposition to potentially challenge Berg's debt holdings - under the theory of deepening insolvency loans can be recharacterized as equity under certain circumstances. The only reason I can see for the UCC to agree to defer is that the issue could be rendered moot. I.E., unsecured creditors get paid in full - there is no need to go through the cost of depositions and motion practice. If creditors are paid in full, equity is on deck. If there was no chance of creditors receiving full satisfaction - they have a very small slice of the claims structure - there would be no point in extending the deadline.