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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: C.K. Houston who wrote (14320)4/7/1998 3:14:00 PM
From: Mr Logic  Read Replies (1) of 31646
 
Thanks Cheryl. You may want to update the document referred to, specifically the December 97 S3 - 1.1m shared offered, another 2.8m issued and offered - covers many of the warrants, options etc. John Jenkins was included to be able to convert & sell 235,000 - doesn't mean he did of course. Even if they are sold it still leaves 350k shares, and he got another 300k options in February this year from memory. There have been sundry filings since, but biggest was about 120k shares an was not Jenkins. It is always a bore to read the filings but it is helpful to get a feel for what is going on.

If I have time I would like to analyse their cashflow, due repayments etc. in more detail. There is a likelihood of a cash shortage unless the March quarter is very good - that's not an opinion, you see it from a quick scan of the filings. If there is, it could affect the stock price and it ought to be possible to anticipate any problem with a reasonable degree of accuracy.
P.
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