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

To: vpelt who wrote (13162)	3/24/1998 10:14:00 AM
From: JDN	Read Replies (1) \| Respond to of 31646

Dear Vince: Management and B of D would have no direct incentives NOT to institute the Pill. However, early in the life of the turnaround they didnt have the cash to expend for legal fees which they likely feel are not necessary based upon comments to you. Secondly, such an action does require shareholder approval and unless its implemented at the same time as proxy goes out requires a seperate polling of the shareholders (an additional cash outlay). All of these things occurred at the time the company was struggling with cash. Now that is behind us and IMO they should consider such a plan in time for the next shareholder annual meeting and proxy statements. Finally, there is the possability that some of the early large shareholders may not have wished such a plan to be in place. JDN