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

To: JDN who wrote (9228)	1/22/1998 9:22:00 AM
From: Tim J. Flick	Read Replies (2) \| Respond to of 31646

Jdn... Here is the statement in the flesh! . On January 5, 1998, the holder of the Company's 133,334 outstanding shares of Series A Convertible Preferred Stock converted those shares to 1,333,340 shares of the Company's Common Stock. The Series A Convertible Preferred Stock had been entitled to receive a cumulative dividend of 6% per annum. These folks would not have converted to common if they did not have intentions of selling. The statement says Jan 5 1998. Now they might have shorted the common in Nov or Dec. and now convert to deliver against their short, but a good bet is that is was recent.