SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (19259)6/25/1998 10:04:00 PM
From: Bonzo  Read Replies (2) | Respond to of 31646
 
>> I haven't labeled anybody anything. I said I suspected a stock promotion scheme. <<

Bill glad to see you soften your accusations just a bit. Now you suspect before you were convinced? Bill in a couple of months you, I and TAVA longs & shorts will know who is correct. I suspect by then you will disappear only to resurface on some other thread where the shareholders aren't as well researched as most TAVA longs. There are many engineers, programmers, industry employees (former and present), as well as brokers, bankers, CPA's, Doctors and Lawyers who have taken a position in TAVA based on their own DD. They have spoken at length with TAVA management, either at the shareholders meeting or at investor conferences such as RedChip. Based on this impressive list of TAVA shareholders who have done extensive research on the company you would have us all believe that we are the idiots, that we have been led down the garden path to "quick sand" and financial ruin? Who are you to make these allegations? A short with an agenda thats who; the spread of mis-information to enhance his own financial gain. I will ask you the same question: Why has TAVA hired 70 people during Q3 and another 150 during the current Q4 if their Y2K workload is not ramping up? Please provide some rationale to your response for discussion purposes.



To: Bill Wexler who wrote (19259)6/25/1998 10:40:00 PM
From: jan m.  Respond to of 31646
 
Bill---These accusations are total BullShit---you have no proof of anything. It's a figment of your imagination. We all know Cheryl isn't here to defend herself, and she probably wouldn't respond to such garbage, but I can't sit back and let this remark go unanswered. Jan



To: Bill Wexler who wrote (19259)6/25/1998 10:44:00 PM
From: threadneedler  Read Replies (1) | Respond to of 31646
 
Mr. Wexler:

Since you elected not to retract your irresponsible, incendiary and potentially libelous statements, I'll let you proffer your absurd response to TAVA's legal counsel. When I apprise TAVA's counsel of your Thursday, 2:58 PM post, I am adding your Thursday, 1:54 AM post that also strongly hinted at fraudulent behavior on the part of TAVA.
For anyone else tempted to follow in Mr. Wexler's footsteps and suggest that a company is engaged in fraudulent stock promotion without a shred of proof, I suggest you refrain from doing so on my watch.
Mr. Wexler, I would think by Monday, you'll get a chance to exchange your views on your TAVA fraud 'suspicions' with their attorney(s). I would strongly recommend you retain one of your own.
Your unbelievably weak 'fraud' reasoning is so transparently without merit as to be unworthy of a rebuttal.





To: Bill Wexler who wrote (19259)6/27/1998 1:21:00 PM
From: C.K. Houston  Read Replies (5) | Respond to of 31646
 
<I haven't labeled anybody anything. I said I suspected a stock promotion scheme. The red flags were C.K. Houston's report, the incessant hype over the internet, and the odd letters and phone conversations - supposedly held between IR and private investors - that get leaked out on the internet.> BILL WEXLER (Silicon Investor Post #19259, June 25, 1998 9:44PM EST)
Message 5021706

===============================================================

Bill Wexler,

Implying that I am involved with some stock promotion scheme DOES make me angry ... and is a blatant lie!! I've spent a lot of time trying to educate the general public on Y2K issues, and specifically "embedded systems" because there has been such a lack of understanding on these issues. I've spent thousands of dollars of my OWN money trying to educate the public. I've been an unpaid advocate because I wanted to maintain my credibility.

Except for meeting TAVA Technologies management at the stockholders meeting in January, I have NO contact with them. (Except for a marketing guy who I've contacted for materials or for clarification on technical aspects of Y2K fix.) Same with Scott. Because I've participated so actively on the TAVA thread & because I put the TAVA research report together so people could understand the Y2K embedded system problem, industry niche and TAVA, I've intentionally maintained a distance from TAVA because I don't want any trouble with the SEC.

I've NEVER publicly made TAVA financial or stock price projections. What I try to do is share and disseminate information, mainly relating to Y2K embedded systems issues.

Bill Wexler, you don't know me, but Congressman Horn now does. So, do others who have testified before senate and congressional subcommittees on Y2K issues. So do the 50+ attorneys I met with in D.C. earlier in the week when I spoke at a Y2K Legal Liability & Risk Assessment Conference. So does a BBC broadcast producer who wants to develop a story on Y2K embedded systems problems. So do numerous Y2K Project Managers & engineers from Fortune 500 companies, whom I've met at various conferences I've attended. So do numerous people on SI whom I've met in various cities thru my travels. They have a far better idea of my character and integrity than you do.

Your innuendo, in regards to me personally IS libelous. Libel is based on intent. You might be able to get away with it one time, but to continue to do so IS crossing the line, and confirms intent.

I have forwarded my research report and several of your posts to the SEC and SI. (Not TAVA.) Let them determine who's involved with a "scheme" ... you or I. I have nothing to hide.

I would have preferred to not have responded to you directly, but it was necessary to have the "electronic trail" to prove that you received this message.

Cheryl
==============================================================

Excerpt from a recent Wexler post (from his Doom Index thread):
Message 5008369

<TO EVERYONE: Re: TAVA - my fraud detectors have now kicked in. Most who follow this thread know that I am particularly interested in companies that may be engaged in a scam, are fraudulently promoting their stock, or both. Fraudulent stock promotion means that management will resort to the use of ambiguous or misleading press releases, post hype on the internet, or pass misleading "teaser" information to investors and analysts which then leads to rampant speculation.

One of my favorite pet indicators is the "insult index". In other words, if investors posting on internet chat forums start berating me for daring to short the stock - without offering any rational justification for buying/holding the stock ...

Along the lines of the "insult index", I like to see angry email. However, I was surprised to receive my first hate mail only about an hour or two after I put TAVA on the index ... I will first post a copy of the original email sent to me.
>

This is what Wexler later posts and refers to as "hate" mail:

"Bill I have read many negative posts by you regarding TAVA. On this one my "short" friend you are dead wrong. I have spent 25 years in the electronic test industry and I can tell you the problem is real. Had lunch with John Jenkins CEO of TAVA at RedChip in Scottsdale on May 8th. This guy is jazzed about his company and its business potential. TAVA has landed a very impressive list of Fortune 500 clients. The wild cards are the Utility industry, Jenkins told me the RW Beck alliance was starting to bear fruit, and CD sales. The Strategic Partners Solutions program has signed up more than a dozen foreign companies which further leverages TAVA's products and services.

TAVA will grow the SI business internally, from Y2K cash flow, and through acquisitions. Jenkins told me this at the luncheon. If you have shorted this stock you have made a serious mistake. You have lumped this company in with all the "garden variety" Y2K providers. The DDIM's, Zitel's etc. This is no IT company. It's specialized within a niche industry with little competition and a very significant advantage or barrier to competiton - its 15,000 (and growing) database and methodology. If you research it - you will cover - bet on it."

<Note, this email was unsigned and was delivered from a mail alias on AOL. I assumed that it was an individual investor in TAVA.> BILL WEXLER Message 5008400

[C.K. SIDEBAR:] Good assumption that it was an individual investor. But definitely nothing nefarious or underhanded. Two stockholders sat at the same table with Jenkins at the RedChip Review meeting. Both wrote detailed summaries of what was discussed and made public posts on SI. I included full summary in my TAVA Research Report.

==========================================================

<... A few hours later I get a response from TAVA's investor relations!!!! The reason I mentioned that my "fraud detectors" have now kicked in is because this email exchange suggests that TAVA investor relations may be a little...ahhh...overenthusiastic and perhaps a bit paranoid. I'll leave it up to the reader to decide.> BILL WEXLER, Silicon Investor June 25, 1998 1:54AM EST

This is blatantly false. TAVA Investor Relations did not contact nor respond to Wexler's post of June 25. The previous week (June 17, 1998) TAVA Investor Relations responded
to an email from a stockholder, who in turn posted the entire response publicly on SI.

It's patently obvious in this post (which Wexler himself wrote) that TAVA IR did not react nor respond directly to him: <The mysterious AOL Tavazoid sends back this reply: "Here is the company's (Investor Relations) official word on the loan you reference."> This was followed by what was a cut & paste of the June 17 post referenced below.

NOTE: Wexler already stated in previous post re "AOL Tavazoid" ... <I assumed that it was an individual investor in TAVA.> ... yet Wexler says: I get a response from TAVA's investor relations!!!!

REFER 6/17: Message 4898963
REFER 6/25: Message 5008369
REFER 6/25: Message 5008450

===============================================================

Cheryl
C.K. HOUSTON