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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Rob L. who wrote (6336)11/20/1997 4:10:00 PM
From: JDN  Read Replies (1) of 31646
 
Dear Rob L: Our "source" is that legendary Private Eye, TokyoMex! No, they dont need shareholder approval (so long as within "authorized" limits [which are usually much higher than issued and o/s] nor do they need SEC approval (because it is a PRIVATE placement NOT registered securities). For that reason the stock CANNOT be traded in the market as it is unregistered and also doesnt enter into the "float". However, unscrupulous sorts can and often do short their stock. There are plenty of negatives against all of this, which I am sure Skip could explain better than I. All we can do is hope that the institutions involved are reputable and interested in the long term success of TPRO for their gain and not to manipulate the stock. For instance I would GLADLY welcome Idanta into this deal as they work with the company to increase shareholder value. Just please, dont let it be an off shore deal. JDN
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