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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: JDN who wrote (26929)1/23/1999 4:52:00 PM
From: STLMD  Read Replies (1) of 31646
 
JDN: To be exact, 256,000 shares have been issued over and above the 2,200,000 granted at the 1997 Annual Meeting. Regardless, this act of management does demonstrate disregard for the shareholder. I have voted an emphatic "NO" to the issuance of more shares for a couple of reasons.

First: Dilution and disregard of shareholder equity.

Second: A complete lack of information from the company regards their success or lack of success in pursuance of their growth plan. How can they think that anyone before the shareholders annual meeting can vote additional bonuses when the shareholders are in the dark? I have been strongly and silently supportive of this company and IR until this. Although still a believer in this fledgling company to grow into an international presence, i have to pause and think whether it is at the cost of the many of us who have supported TAVA since the beginning.

Count me in for an earnings or stock price limit before any further "bonuses" are issued.

Also count me in favor of greater dissemination to the shareholders
of pertinent information about this company. In today's market of daytraders and momentum players, information regarding fundamentals AND improvement AND contracts would certainly go a long way in making me an informed and educated shareholder rather than a dimwitted ignorant follower. Stephen
PS. I wonder if any of this has anything to do with the resignation of Judith Draper in March 1998?
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