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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: jan m. who wrote (7409)	12/17/1997 3:34:00 PM
From: Raj Ramaswamy	Read Replies (1) of 31646

Jan, I think S-3/A is basically used to register the shares and at the same time they can specify if they are being offered for sale as well. If you see there are three columns on the filings. One, qty of shares before, second, the shares that are offered for sale and finally, the remaining shares. If a person is NOT intending to sell BUT only to register, they can leave the second column blank. I would have been very happy if the second column is all blanks. However when they specify some under 'offer for sale' - 2nd column, it automatically waives the need to file FORM-144 before the actual sale is made. This way they are free to sell anytime and NOT file FORM-144. I guess, persons who are offering shares for sale are owners of "MOM & POP" operations acquistioned by TPRO over the course of last few years. Anyway I am waiting to hear from Joe after his talk today with CFO & Scott. Hope that clarifies all our concerns. I know fundementally the business has not changed and WE WILL HAVE GREAT 2nd QUARTER. Raj

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