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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: JDN who wrote (28245)2/16/1999 5:05:00 PM
From: WR  Read Replies (1) of 31646
 
First Let me say a BIG THANKS to all.

JDN, JAi44 (a poster on Yahoo) posted this. No URL

and I don't recall seeing it before but I thought you should see it
I'm way behind on my reading now LOL WR

"The Company's convertible debenture agreements require principal repayments beginning June 1, 1999. If the debentures are not converted into the Company's common stock, the Company believes it will have adequate financial resources to comply with the repayment terms."

This clarifies why someone does not want this stock to go up.
Convertible debentures will convert to the number of shares based
on loan amount. If 1 million $ was loaned and stock is selling at
$5 then holders will receive 200,000 shares, if stock is
selling at $10 then holders receive 100,000 shares. Big
difference.

I guess we know who is paying PTM salary.
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