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

To: Rob L. who wrote (6336)	11/20/1997 4:10:00 PM
From: JDN	Read Replies (1) \| Respond to of 31646

Dear Rob L: Our "source" is that legendary Private Eye, TokyoMex! No, they dont need shareholder approval (so long as within "authorized" limits [which are usually much higher than issued and o/s] nor do they need SEC approval (because it is a PRIVATE placement NOT registered securities). For that reason the stock CANNOT be traded in the market as it is unregistered and also doesnt enter into the "float". However, unscrupulous sorts can and often do short their stock. There are plenty of negatives against all of this, which I am sure Skip could explain better than I. All we can do is hope that the institutions involved are reputable and interested in the long term success of TPRO for their gain and not to manipulate the stock. For instance I would GLADLY welcome Idanta into this deal as they work with the company to increase shareholder value. Just please, dont let it be an off shore deal. JDN

To: Rob L. who wrote (6336)	11/20/1997 4:15:00 PM
From: Clayleas	Respond to of 31646

Rob, You are right, the PP was never mentioned during the conference call. I have spoken to the company and they confirmed that they are looking at it and would complete it this week or next. It is my understanding that the amount would be 0.7MM - 1.0MM shares, the shares would be restricted, and they would be placed with a large institution (more than $100MM in assets under management). TMex said it would be 4 institutions. I'm not an expert on the subject, but I believe that the company has much more flexibility if the shares are restricted. Maybe someone else can answer that part of your question. Jim