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Strategies & Market Trends : Bill Wexler's Profits of DOOM
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To: Ken Salaets who wrote (1524)7/16/1998 6:38:00 AM
From: Bill Wexler  Read Replies (1) of 4634
 
TAVA has no unique technology

TAVA stock has been artificially inflated due to a campaign of fraudulent promotion. TAVA investors have been misled into believing that TAVA has a unique technolgy and database for discovering and remediating "Y2K bugs" in "embedded systems". This is absolutely false. TAVA's technology consists of a simple inventory system which requires manual counting and input of various machines, tools, microcontrollers, etc. TAVA then prepares an inventory and a report on possible Y2K exposure. TAVA can not fix or repair any potential problems. Since this is mostly a manual process, it is slow, low margin, and unscaleable. TAVA has attempted to further mislead investors by implying they have automated this process in a CD-based software package. This is also untrue, and demand for this software has been disappointing.

TAVA's financial condition is worsening, and despite claims by promoters, TAVA is not experiencing any top line growth. Indeed, cash flow is negative and the company has been forced to borrow money at very unfavorable terms from a firm which is currently embroiled in a fraud lawsuit.

There is no reason to buy TAVA's grossly overvalued stock. TAVA will soon trade in the low single digits.
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