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

To: Zebra 365 who wrote (5780)	11/11/1997 10:15:00 AM
From: JDN	Read Replies (1) \| Respond to of 31646

Dear Zebra: There are two ACES in the hole you are omitting. First, now stay with me-haha- The public outstanding warrants. IF we can close with a bid above 6 3/8 for next 20 days then everyone MUST convert at $3.50 per share within 30 days (total 50 days)--Cash raised there 3.50 x's I believe 3 1/2 million warrants = 12,250,000. Second, I HOPE they shipped those 20,000 cd's about 11/15. Figure 20% will cough up minimum $4,000 within 60 days is 4,000 x's $4,000 = $16,000,000. So IF they can get some interim financing OR hang in there with what they got, maybe stretch out the payables a little I believe they can make it. I think its just these 60 or less days that is a strain. I would be VERY disappointed if they did some screwy equity thing just to get over this hump. If a bank wont finance this then keep looking for another bank. JDN