EDTA (was GIFT) Message Board

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Technology Stocks : EDTA (was GIFT)

EDTA 0.000200

+300.1%

Mar 7 3:00 PM EST

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To: Jose A. Suarez who wrote (1191)	8/14/1997 3:46:00 PM
From: Cavior Organization	of 2383

To set the matter straight, Warren J. Cavior, subject of posts #1189 and #1190 in this thread, is the president of The Cavior Organization, Inc., a financial and marketing public relations firm. In 1995, in part payment for services to E-data, Cavior personally received three year restricted shares of GIFT. These shares were taxable income to him in 1995. In 1997 the SEC eased rules on 144 shares permitting sales of shares previously required to be held for three years after only two years. Since Cavior had already been taxed on this "phantom" income in 1995. it made sense to him to take advantage of the SEC rule change. Accordingly he filed in July 1997 to "cash his pay check" which had in effect been sitting in a drawer for two years. No one should read anything more than this into a personal finance transaction. It is neither positive nor negative with respect to GIFT. Cavior is not an insider or major shareholder. In fact, The Cavior Organization is no longer on retainer to GIFT due to GIFT"s need to conserve cash for legal expenses. Nevertheless, the firm and Cavior personally have a high regard for the company, its management and its prospects.

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