VALENCE TECHNOLOGY (VLNC) Message Board

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To: eli74 who wrote (24804)	7/12/2006 7:43:45 PM
From: MGV	Read Replies (2) of 27310

Eventually the confident bulls changed their views: To: P. Ramamoorthy who wrote (24803) 8/24/2001 5:59:11 PM From: eli74 Read Replies (1) of 26714 With all due respect, Ram, I don't think it is a question of cranking out a few press releases. Management has got to start producing-producing batteries (and finding the customers who are willing/able to buy them), producing actual sales, not samples. To my mind, the company doesn't seem to be much further along than they were 2 years ago. The fact that they now have a business plan is all very well and good; now they have to execute that plan.Two years ago management was saying they can sell all the batteries they could produce. And now management is saying it will be another 18 months or so before they're even at a breakeven, let alone profit. At this point, I'm not real impressed about the potential sales into the automotive market. Hell, they haven't even (apparently) been able to sucessfully penetrate the cell phone market. I'm not going to sell any of my shares, but my patience is starting to run thin (can you tell?)