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

To: Jack Zahran who wrote (6768)	12/3/1997 7:19:00 AM
From: RDavidson	Respond to of 31646

Jack, Welcome to the sleep disorder phase of TPRO. On balance, I too think the PP was good news. Better to suffer minor dilution than have overhanging debt, likely from an institution that despite 500 pounds of 'documentation' still wouldn't understand anything re: the fundamentals of TPRO's business. TPRO's future is unfolding at a rate probably more rapid than anticipated by management, at least from their comments. In that scenario a lot of things change and the pro forma submitted for working capital loan isn't going to look too smart down the road. We all know how difficult debt negotiation is. Try debt renegotiation... It's in everyone's interest to have mgt's focus on income production and market expansion. Corporate planning at TPRO right now is probably a wild deal. Upside, though not without substantial risk; large forward commitments and scarce resources; a capitalist's dream.... God I love this business. Roger Davidson