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

To: BACRDI who wrote (15233)	4/22/1998 1:08:00 PM
From: Kevin	Respond to of 31646

Maybe they wanted to buy a new BMW 850 or add a wing on their house. Could be a "bearish" indicator, but without knowing their reasons who knows. How many shares did they own prior to the sell?

To: BACRDI who wrote (15233)	4/22/1998 1:57:00 PM
From: Mighty_Mezz	Read Replies (1) \| Respond to of 31646

DK's Form4 is of no concern, imo. My guess is it was tax-related.

To: BACRDI who wrote (15233)	4/22/1998 2:01:00 PM
From: JDN	Read Replies (1) \| Respond to of 31646

Dear Bacrdi: Tell you what I think. Almost every technology company is very generous with the stock options. Then when they run out of shares they give you that old song and dance, we need them to attract and hold qualified individuals etc etc. Well, its been my experience these "qualified" individuals dump their cheaply acquired stock and hold out their hands for new cheap options. This year I have voted NO on almost EVERY request to increase shares for stock option plans. As to what does Kelsall selling mean? Nothing, just wants to get cash rich and feels he will get more options to replace the stock he sold. Goes on all the time in successful companies. Sure would like to see these people BUY some stock with their OWN money. Ok, now you know my PET PEEVE. jdn

To: BACRDI who wrote (15233)	4/22/1998 2:05:00 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 31646

BACRDI, as reported Mr. Kelsall's selling is a violation of the standard "blackout" period. Most companies (all major companies) do NOT allow officers, directors or other "insiders" to sell shares during certain periods. These so called "blackout periods" start the last month of the quarter and continue until three days after results are reported. For this fiscal quarter, the blackout period started March 1st and will end May 14th (assuming TAVA reports May 11th). Mr. Kelsall sold his shares during this period. This is not an SEC rule. However, they (the SEC) encourage ALL companies to follow this guideline. Many companies will take disciplinary action for any officer violating this rule. What does this mean for investors? Simple ... TAVA has poor internal controls. OTOH, the first quarter is probably OK or Mr. Kelsall will probably be required to disgorge all profits. Also ... many mutual funds will not invest in companies that allow this type of activity. Regards, Bill