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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (1607)	7/16/1998 10:16:00 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 4634

Bill, in addition to the apparent wrong value using the Black-Scholes model, TAVA has made no provision for the future warrant grants in Dec '98 and Dec '99. Yet they are writing off the discount on the original grants over the entire life of the loan. This is an inconsistent handling of time periods! Anyone with a financial background may want to look at the terms of the loan: sec.gov I am considering contacting TAVA's accountants or the SEC (the SEC has a group that looks into the proper handling of these types of loans). Regards, Bill

To: Bill Wexler who wrote (1607)	7/17/1998 12:49:00 AM
From: mchip	Respond to of 4634

Geee.. If I was TRW, The US Mint, a `MAJOR PHARMACEUTICAL COMPANY', the County of LA, Otis Elevator etc. I would realize that the Year2k issue is everywhere, even the President took time to address this issue! Now I know our systems are fine, or will be in time, but the hoopla is so large how do I let all of my customers, business partners, stockholders etc. aware that I am on top of this issue? I do some research and find a company like `JAVAy2k' (fictional company). And here is what they will do for me. I let them write up a proposal for say 10-30 million then enter into a preliminary agreement with them to audit my facilities. A press release goes out. I have now protected my self (for big money) against y2k issues. <after the audit> I pay $50,000 for the audit, I'm declared `clean'. Customers happy, Business partners happy, stockholders happy. Looks like many millions were spent on making sure I'm y2k compliant, for a very small actual cost. Geee this kinda make me think of that company TAVA. I guess we will see what kinda earnings those `slow starting' contracts from last qtr actually add to income this qtr! Just a thought. what do you think?