Date archive for January 19th, 2012
Insider Transactions – January 18, 2012
Notable Insider Buys:
1. Valence Technology Inc. (VLNC): $1.01
Director Carl E. Berg acquired 2,078,068 shares of this battery technology company, paying $0.97 per share for a total amount of $2.02 million. Mr. Berg increased his stake by 4.40% to 49,355,378 shares with this purchase. These shares were acquired indirectly through Berg & Berg enterprises.
While this appears to be a direct open market purchase, based on the historical volume and the size of the purchase, it appears to be a private placement into this struggling company. Mr. Berg is a founder of the company ...
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