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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Gurupup who wrote (6312)11/20/1997 9:11:00 AM
From: Tim J. Flick  Read Replies (2) of 31646
 
Skip... After last Friday's conference call I had dreams of TPRO opening at $8.00 on Monday. As the weekend progressed I realized that TPRO is not ready to start the major up move until some supply issues get put to bed. 1. Private Placement 2. Marginability 3. Warrants. These are not fundamental issues..but these issues must be resolved until the fireworks show starts. On the margin issue, Major brokerage houses make their living on Margin interest, they will not recommend until we can margin. Until the Private Placement is done, look for a holding pattern. It has been my experience in the past that when warrants are called the stock tends to drift downward until convertion and selling dryes up. A good rule of thumb is that more than 50% of the warrants that are execised the underlying stock is sold. So.. your fundamentals are right, but we first must deal with these issues. Hang in.. not far now.
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