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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: TokyoMex who wrote (6677)	12/1/1997 3:26:00 PM
From: Jack Zahran	Read Replies (1) of 31646

Following is a site that discusses Private Placements: seclaw.com I thought the following rule governing a PP was very comforting: Investment Intent Purchasers of private placement securities must purchase for investment purposes and not for the purpose of resale. The typical subscription documents used in private placements contains what is called "investment letter language." This representation should be personally verified. Consideration should be given as to whether the investment representation makes sense in view of the surrounding circumstances of the proposed purchaser.

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