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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Don Hutchinson who wrote (6416)	11/22/1997 3:15:00 AM
From: biffpincus	Read Replies (2) of 31646

I emailed Scott Liolios a couple of questions about the private placement. I asked him if he could confirm that the PP would be completed this week or next. I also asked if the unusually tight trading range (at least earlier in the week) was a result of market forces keeping the stock price at a level where the placement could be completed at or near 6 1/2 .... On Friday, I got his reply .... Subj: Re: a question about the private placement .....? Date: 97-11-21 14:39:16 EST From: Liolios@PacificGP.com (Scott Liolios) Reply-to: Liolios@PacificGP.com To: Biffpincus@AOL.COM It is no secret that the company has been working on a private placement. The private is being underwritten by Hanifen Imhoff. It is going to a handful of institutional investors. However I can not confirm if it has been completed yet, but I did hear it was expected to be completed by today. I will tell you from experience that an offering usually take longer than expected. Therefore, I would expect it to be completed by Tue. Wed of next week. I also believe the PPM is why the stock volume has slowed down. Once this has closed I believe the stock will continue with its normal trading. Please contact with questions. Scott

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