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

To: Quad Sevens who wrote (11096)	2/12/1998 3:32:00 AM
From: Mike Winn	Read Replies (1) \| Respond to of 31646

>>>They had 1 million bucks as of Nov 15. Then they raised about 5 million more in the PP. The warrants should provide what?--a few million more (someone help me out here)--assuming a stock price over 6 3/8 for 17 more trading days. Is the 5 million still available or do they have only have 1 million left? That's what I see in the Nov earnings statement if I am not mistaken. Let say they currently have 250 engineers (they plan to raise to 450), at a yearly salary of 40K which is very low, they need 40K * 250 = 10 million a year or roughly 1 million per month for just payroll. The warrant when called is not free, it will add more shares and therefore more dilution. When can they collect the 5M for the job in Chicago? If the Y2K business is so profitable like you said, why aren't other companies jumping in the business? Is TPRO the only company which such expertise? I ask again, can you lazy S.O.B answer for me? Which area of expertise is TPRO in? They better specialize in fixing elevators and VCR because there are hundred of million of them; if TPRO wants to corner 1/3 of the 3 trillion market, TPRO better knows how to fix elevators and VCR.