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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: tony 890 who wrote (14483)	4/9/1998 3:42:00 AM
From: Mighty_Mezz	Read Replies (2) of 31646

Here's what Jenkins said just 50 days ago concerning the $ situation: In terms of the balance sheet, we made significant improvement in strengthening our balance sheet during the quarter. Our working capital at 12-31 was $8,130,000. We ended the quarter with over $3 million in cash, and we currently have over $3.7 million in cash. We also announced in our press release that we've been approved for a new $4 million senior debt facility as well as a $600,000 lease line to be used for capital expenditures. Proceeds from the senior debt facility will be used to refinance our existing senior bank debt and to provide additional working capital associated with the growth of our Y2K business. We believe these facilities, as well as our existing cash balance, should provide adequate financing to handle our revenue growth associated with our Y2K business. [from Feb 17 confcall] And don't forget the additional $2+ million from warrants hitting the books by 4/24. No worries here. Visualize blowout earnings. $0.06 should do it. <g>

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