SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Patrese who wrote (30283)4/13/1999 10:32:00 AM
From: Karl Drobnic  Read Replies (1) of 31646
 
There is a Growth Capital Partners, but it appears to be different than Growth Capital Corporation. Partners invests private money in oil and gas development and has made over $1 bil. in merger and acquisition deals. However, I find no direct link to GC Corporation, nor any information about them other than they're in Dallas. The tender offer is being orchestrated by Smith Barney's tender dept. It's a valid offer according to all I've talked to, but so far, I don't know anyone who has tendered shares. It wouldn't surprise me at all if the Three Amigos and their friends sold short vast amounts of the shares to the tender offer at $5.50 when TAVA was in the $4-5 range, then tried to buy up what they'd sold in the open market. That would account for the rapid rise in price above $5.50. It also sets up a reason for the Three Amigos to drive the price back down below $5.50.
On the good side, as far as I know, Growth Capital Corp. is in this for investment purposes, and anything that soaks up 1 million shares is a good beginning. TAVA management apparently did not know about the tender offer for the first few days last week, so it sounds like a fund that made a decision on its own to buy a stake (below 5%)and then chose Smith Barney to initiate it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News