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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Mike Winn who wrote (8124)12/31/1997 10:27:00 AM
From: JDN  Read Replies (2) of 31646
 
Dear Mike: Thank you for your write up. It is obvious to me that you know enough about embedded systems to scare the wits out of those less informed. Your purpose in doing this is something that escapes me. However, I do not intend to argue with you. I only would like to make a couple of points.
1. TPRO never indicated they manufacture anything. The are FACTORY INTEGRATORS, meaning for others benefit (I know you know) they take equipment from possible many vendors and assist in hooking it up to run effeciently. Likely they are in on the design phase also.

2. TPRO has never hyped itself in any way that I can see. For the longest time Jenkins didnt even want anyone to use the Y2K description as he felt it demeaning and of a short duration whereas TPRO has been and will be around for a long time.

3. Jenkins himself said in the last conference call, we are not yet up to speed with Utility companies but we are working closely with Pacific and expect to have the expertise soon. Or words to that effect

4. If this company is "managing" its stock price they are doing a really SHITTY job of it. Everyone knows that they desperately needed more cash due to the huge jump in business. The easiest way would have been to keep the stock price up over 6 3/8 for 20 lousy days and so far they have been UNABLE to do that.

5. This company backs up every Press Release with a filing under 8-k. That means that they consider it a MATERIALLY IMPORTANT EVENT. Labelling it as such greatly exposes them to litigation if it is misleading or false. Even more important filing a materially FALSE statement with the FEDERAL GOVERNMENT opens themselves PERSONALLY to CRIMINAL prosecution over and above any civil problems. In my long career with MANY public companies I have NEVER seen this done before which makes me believe that Mr. Jenkins insists that every word said for the public be absolutely true.

I could go on but I promised to be brief. For those of you who are worried, I would suggest that Mike has used his knowledge to try and twist TPRO into something they never said they were and then attack them. I advise you to look at the business they have done in the past, the reputation of top management, the press releases and SEC filings they have made and make up your own mind. If you are still worried, sell. If you are satisfied that this stock, though speculative as is nearly any small cap under funded company, has great promise to realize substantial gains then hold. Its really that simple. Frankly, I dont give a heap what anyone on this thread does as I am a long term holder. JDN
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