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

To: Rob L. who wrote (7495)	12/18/1997 3:08:00 PM
From: Karl Drobnic	Respond to of 31646

Comparing old filings to recent filings, another source of supply appears to be the holdings of Bathgate/McColley/Kiowah. B-M was financial advisor to TPRO when it made several acquisitions, and they show up consistently in filings through mid-1997. In the latest filings, I don't see them. They had stock and warrants equal to roughly 1.2 million shares (maybe more). Some of the warrants converted to shares as low as $.67. So if both Bathgate-McColley and ProBridge have sold, figure over 3 million shares are in the float that were previously not trading. This is an alternative explanation to short-selling. We don't need to look to the PP as a source of short selling, flipping for a quick profit, etc. Shares are coming into the float through a normal course of events.