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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: M. Frank Greiffenstein who wrote (5852)	11/12/1997 6:48:00 PM
From: Clayleas	Read Replies (4) of 31646

This was posted by TokyoMex on the Research Thread (don't know why he didn't post it here also). Probably one of the reasons for the price drop today. I sure hope this announcement comes with another one for a big contract. ==================================================================== To: +Alex (256 ) From: +TokyoMex Wednesday, Nov 12 1997 4:53PM EST Reply #257 of 257 TPRO is looking to do a 1 million (one million) share private placement at the street price (not discounted or any crooked deal) plus comm> The deal is to be brokered by Hanofen and will go to one or two institutions in blocks. This will give total shares outstanding including the outstanding warrants at 24 million shares. According to CFo they need money like mad ! as I suspected .The deal is kosher and above board. Its something I can live with. Company will most likely announce this at the conference with eanings and new contract news (I hope) So there you are. Joe TPRO

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