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


To: PaddyD who wrote (23523)9/24/1998 5:44:00 AM
From: Bill Wexler  Read Replies (4) | Respond to of 31646
 
TAVA announces disappointing earnings and bad news

On top of TAVA's terrible quarter (remember that TAVA failed to meet their drastically lowered earnings expectations), John Jenkins is now desperately trying to distance himself from the Y2K hoax. Ironically, it was Y2K that many investors were counting on to boost TAVA's fortunes.

In the following article:

tscn.com AVA

Jenkins states, "The Year 2000 fascination that drove the stocks up is now something of a past event."

In other words, Jenkins admits that TAVA's Y2K efforts have been a failure and that they are now a "past event". This is in sharp contrast to the fraudulent promotion tactics employed by TAVA shills and stock touts that kept playing up the Y2K angle to artificially inflate the stock price. Unfortunately, like many stock promotion frauds, small investors got in at higher prices and foolishly "averaged down", desperately hoping for a recovery. In the meantime, the company has churned out millions of additional shares and massively diluted the float.

TAVA will continue its downward trend.