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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (31392)	6/29/1999 4:09:00 PM
From: Bilow	Read Replies (2) \| Respond to of 31646

Hi JDN; I bought almost 2000 shares to hold for the conversion. I hope that the other small shareholders don't cut off their (our) noses to spite their faces regarding the takeover. As far as the idea of dissenting in the CO courts, I have no idea what would happen. The book value on TAVA is about $2, and this is what I personally would offer to dissenting shareholders. Why should they offer $8? They already know that at least one of the dissenters isn't going to accept whatever is offered, so why should they make an offer higher than that which is legally required? Perhaps the pre-offer stock price ($5) would also be a fair price. Nobody was falling all over themselves to buy the company for that price earlier this year. tscn.com I got myself and friend into the stock around 7 1/16, for the arbitrage. I voted my shares for the merger yesterday, and the friend (who had initially thrown away the proxy) voted in favor last night. The way I see it, if this fails I will be very likely to get less than $8 per share, though it is heartening to think that management would simply postpone the vote. On the other hand, I think that voting "no" and then selling your shares before the vote tally is a pretty nasty thing to do to us arbitrageurs. Once you are in a stock, it is time to think of how you will get out in the best shape possible, without regard to what price you got in at, or what the moral failings of management is. Right now, that means $8 per share. -- Carl