With an agenda ... he writes "the likelihood that it(Valence) will be able to raise over a hundred million dollars of new capital at prices that bear any relation to the current market price is less than slim."
Where the hell is getting the need for $100,000,000 right now and why does he put that in his article? There have been numerous public presentations by the CEO and a quarterly company conference call both with Q & A and never a single mention of Valence needing $100 million.
I hate all this made up BS to create fear and uncertainty and the people that initiate and perpetuate it.
He is a wolf in sheep get up ... talking about how he doesn't like to benefit from others misery then he writes an article like this with complete fabrication for what purpose?
Valence is clearly on a path to profitability within the next couple of quarters, only burning a few million per quarter right now and there is no reason whatsoever to believe Carl Berg and his family will ever give up supporting Valence after 20 solid years of building.
Margins are improving as well so as volume increases the profit to cover grow will there except for a large investment like a new plant.