VLNC: Valence Technology, Inc.(fka VLNCQ)

[finbar99]

More news on docket - Valence is motioning to extend the engagements of both Roth and KPMG - I don't yet see how much more time they are requesting - but there was this, which I take as postive.

6. Both KPMGCF and Roth have been working diligently with the Debtor to
obtain exit financing. We believe we are narrowing the field of interested parties and
there are three (3) strategic investors looking closely at the company.
7. The terms of both the KPMGCF and Roth letter agreements are time
limited and have expired as of May 6, 2013. Neither KPMGCF nor Roth are asking for
any additional consideration for the extension. All terms previously agreed to by
KPMGCF, Roth and the Debtor will remain in effect.