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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Nathan G who wrote (278)	7/22/1998 11:24:00 AM
From: cadson	Respond to of 27722

The convertible registration statement was filed on 6-30-98, All of the shares are now freely tradable, since the date of the registration 40,000,000 shares have traded. If the investors in the convertible wanted out they have had ample opportunity. NAVR, has been cashed strapped the last several years, making it impossible to expand the distribution of products. With the inflow of $20 million into the company, NAVR is now rapidly expanding its internet and distribution businesses (as evidenced by recent PR). Bottom line: The dilutive effect of the convertible will be offset by having sufficient working capital to support substantial sales growth.