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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Karl Drobnic who wrote (7394)12/17/1997 2:28:00 AM
From: Karl Drobnic  Read Replies (3) of 31646
 
Under "Beneficial Owners" in the DEF14 filed last week, Ren Cap has cv. and warrants equal to 1,343,301 shares if converted. Later, these same shares are listed as belonging to Bob Pearson. They are the same shares, so don't double count them. Pearson represents Ren Cap on the TPRO Board. So it looks like this 1.34 million shares are not among the current market overhang. After all this my conclusion is that ProBridge Futures is selling its 1.8 mil. shares. Some departing directors are also probably selling shares acquired when TPRO acquired their companies. That's well over 2 million shares overhang. Then there's the private placement stock which we don't yet know the status of. There's the "weight" Tim sees in the market.
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