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

To: Bill Wexler who wrote (20598)	7/14/1998 8:08:00 PM
From: Jack Zahran	Read Replies (2) \| Respond to of 31646

Hey Bill, that's what they said last year when we were trying to show investors that the company had significantly cleaned up their books. Now they have a solid financial standing. Tell me should I trust NASD's stringent NMS approval process? How about their inclusion in the Russell 3000, ooops 2000? These are serious indicators of a strong financial condition. Oh, I missed one item, their inclusion in the list of approved marginable stocks by the Federal Reserve Bank. Now, let's do some DD and dig a little bit from the latest SEC filing of their 10-Q: As a result of these transactions and arrangements, the Company's cash position has increased by $5,224,000 since June 30, 1997 and its working capital has increased from $168,000 at June 30, 1997 to $15,767,000 at March 31, 1998. Management believes that its current cash position and the anticipated receipts from both its core business and its year 2000 activities will be sufficient to meet its working capital needs for the foreseeable future. ... During the nine months ended March 31, 1998, cash increased by $5,224,000. Funds used in operating activities were $7,949,000. Cash in the amount of $1,855,000 was used to reduce accounts payable and other accrued expenses. Operating funds were also used to finance the $1,401,000 increase in costs and estimated earnings in excess of billings and the $5,098,000 increases in accounts receivable. Investments were made in capital equipment of $467,000 and capitalized software development costs of $2,148,000 for a total use of funds for these activities of $2,615,000. Financing activities provided $14,905,000 of cash proceeds. Cash in the amount of $8,731,000 was received during the period from the exercise of stock options and stock purchase warrants and net proceeds in the amount of $4,907,000 were received from the private placement of 955,000 shares of common stock and employee purchases. Net cash proceeds in the amount of $1,470,000 were received as a result of debt refinancing. They are doing very well financially which is one of the first things we should look at. No one wants to be surprised by placements and extra weight. In addition, since the 10-Q was filed their Y2K business and sale of tools has increased significantly. Regards, Jack Zahran

To: Bill Wexler who wrote (20598)	7/14/1998 8:11:00 PM
From: bob	Read Replies (1) \| Respond to of 31646

"The stock is fraudulently promoted" Really?! Did you report this to the SEC? LOL! Have another drink with Pinko.