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

To: jan m. who wrote (7409)	12/17/1997 3:34:00 PM
From: Raj Ramaswamy	Read Replies (1) \| Respond to of 31646

Jan, I think S-3/A is basically used to register the shares and at the same time they can specify if they are being offered for sale as well. If you see there are three columns on the filings. One, qty of shares before, second, the shares that are offered for sale and finally, the remaining shares. If a person is NOT intending to sell BUT only to register, they can leave the second column blank. I would have been very happy if the second column is all blanks. However when they specify some under 'offer for sale' - 2nd column, it automatically waives the need to file FORM-144 before the actual sale is made. This way they are free to sell anytime and NOT file FORM-144. I guess, persons who are offering shares for sale are owners of "MOM & POP" operations acquistioned by TPRO over the course of last few years. Anyway I am waiting to hear from Joe after his talk today with CFO & Scott. Hope that clarifies all our concerns. I know fundementally the business has not changed and WE WILL HAVE GREAT 2nd QUARTER. Raj

To: jan m. who wrote (7409)	12/17/1997 5:11:00 PM
From: Tim J. Flick	Read Replies (2) \| Respond to of 31646

Jan... Yes this registration is different. 144 is usually done by original or ground floor investors. They also have restrictions on the amount that they can sell during a quarter, usually no more that 10% of their holdings. My experience is that when anyone registers there stock they plan on selling at least some right away. Renn has probably sold their stock before we saw the registration. Probably vs short sales, one or the other. No problem on float... if we get the right news.