Wexler I told myself early on that I would not respond to your campaign of mis-information and defamation of TAVA. However, I will make this one exception and never respond to any of your posts in the future since I truly find you to be an unsavory short. Only Calculated Risk has demonstrated any knowledge of TAVA and the Y2K problem within the Industry. You and your brood are like a bad wind-up toy parroting your mentor Pink.
>> TAVA stock has been artificially inflated due to a campaign of
fraudulent promotion.<<
Fraudulent Promotion? By the longs of this thread? By TAVA's Investor Relations? TAVA Management? Please be specific and tell us who has fraudulently promoted TAVA and how? I'm all ears and so is the SEC.
>> TAVA investors have been misled into believing that TAVA has a unique technology 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. <<
They do. There are no competitors (none with TAVA's factory experience or database) who have as extensive a component database, a search tool for remediating some "Control layer" factory code, user friendly, GUI based software, internet database access, 24 years of factory expertise offering "turn-key solutions", almost 500 technical and support personnel, more than a dozen international partners (Solution Provider Partners Program) a Utility partnership with a leading industry consulting firm (RW Beck), alliances with Medical Device companies such as Colorado Medical and insurance companies such as AON Risk Assessment, and more importantly an impressive list of Fortune 500 customer engagements including some Utility companies both domestic and international (8K's have been filed with the SEC). No one but TAVA. No other Publicly traded company, focused on factory, utility and medical device Y2K problems, can boast of such accomplishments over the past 8 months as TAVA. None. Zip. Zero. Nada. You cannot name one.
>>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.<<
There is insufficient time (17 months remain and billions of Embedded Controllers exist) to attempt to remediate "Embedded Controller" Code (Firmware or MicroCode). >90-95% of Embedded Controllers are date compliant or insensitive. Yet in most cases they must be checked. Mission critical systems, when identified as being non-compliant, are being replaced either by the Manufacturer or by TAVA. Its impractical to attempt to remediate code since in many cases the source code is unavailable or unsupported. Its too time-consuming. Replacement of system, sub-system or component would be the norm, and in most cases, the most economical problem resolution.
>>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.<<
Your statement is untrue and clearly mis-leading. An example of your campaign of Mis-information. Show me where TAVA has stated that this process is automated. Give me a source reference. This is a very manual, low-tech process through Inventory and Assessment. TAVA's process must start with an Inventory and Assessment phase. Mostly manual and not automated. Remediation of Embedded Controller code cannot be an automated procedure. TAVA has never mis-led investors into believing that it has developed a "silver bullet" for Embedded Controller code remediation. Its technically not possible. Demand for TAVA's CD through the Wonderware distribution has been disappointing through last Quarter. However TAVA has exceeded its own internal projections for sales of this CD from its own direct Sales force. This I received personally from Mr. Jenkins the CEO himself. Who have you talked to lately about TAVA, Pink?
>>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.<<
TAVA's financial condition and their balance sheet have improved markedly. They have increased their employee base >75% this year to handle all the new Y2K business. Of course these new hires come with a price, a short term negative impact to cash flow and earnings. Top line growth? Core business is flat to slightly down as a result of TAVA's focus on the Embedded Controller Y2K business and clients delaying purchase of new equipment until they have a financial impact assessment completed by TAVA for Y2K exposure. Core business should grow as TAVA moves into replacement/remediation stage - late this year and early '99. btw, the loan made by TPRO (they don't exist anymore) will be paid off giving shorts considerably less of a ledge to hang on to.
>>There is no reason to buy TAVA's grossly overvalued stock. TAVA will
soon trade in the low single digits.<<
There is every reason to buy TAVA's grossly undervalued stock. TAVA will soon trade in the low teens.
In summary, ask yourself does TAVA have quality (new) clients, new contracts, solid partnerships in multiple industries (leverage), domestic and international, rapidly increasing revenue with a business (application) that they had zero revenue in the previous year, little competition, solid top line management (from Flour Daniels, Raytheon),
proprietary database and software toolset (scaleable since it can be accessed Worldwide over the internet creating an additional revenue stream - Solution Providers Partners Program). The upside boys & girls is far greater than the downside imo. Wexler, is an internet created "Short Guru" who has engaged in a campaign (along with his groupie followers) to negatively hype TAVA and shake the stock out of "weak hands" driving the price lower. However his one-note (short) thesis is based on the Sirom loan (this will be paid off) and a belief that Y2K is a hoax. However TAVA's quality of new clients and contracts (facts) speak far louder than Wexlar (farce) and his selfish agenda. |
