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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: jan m. who wrote (11538)2/17/1998 5:25:00 PM
From: Karl Drobnic  Read Replies (1) of 31646
 
Among the important things in today's conference call is a current ratio of 1.7:1, and the CFO's statement that cash in the TAVA till has grown from $3 million on Dec. 31 to $3.7 million today. That is $700,000 more cash in 6 weeks. This should warn professional short sellers away from TAVA. Once the warrants are called, arbitrage will also be out of the way. TAVA should be free to find its own level in the marketplace without fear of professional short sellers putting an arbitrary ceiling on the stock price.
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