VLNC: Valence Technology, Inc.(fka VLNCQ)

[finbar99]

I suspect this case is going to start picking up steam soon. The two IBs were retained in mid February with 3 month engagements. That would put the expiration around mid to late May. They can be renewed obviously, but I think this was the timeframe that Berg & Co were looking to find new partners/acquirers in. My best guess is that we see a JV with Johnson Controls. They desperately need to beef up their IP, Valence has great IP, and JCI has budged $$$ for acquisitions per their recent presentations....and they were mentioned in the engagement letters as a pre-identified interested party.