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

To: Captain Jack who wrote (23713)	10/2/1998 9:20:00 AM
From: sammaster	Respond to of 31646

i agree john, i feel tava will make $ now and will not need dilution...but if some PP were already done and those shares are still restricted or there were warrants not converted yet they can further dilute the float... i looked through the report but saw no obvious source for much dilution in the near future.... anyone else find any? samir

To: Captain Jack who wrote (23713)	10/2/1998 8:00:00 PM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 31646

Re: Dilution According to the recently filed annual report the following is still outstanding: Stock purchase options 2,168,825 Stock purchase warrants 290,994 Some further dilution is therefore inevitable although not as much as has occurred to date. In addition, a more conservative accounting of the options would increase the loss for the year to $0.09/share. It should also be noted that TAVA still has $4,881,000 in capitalized software development costs which will have to come of the bottom line before the year 2000. Another unusual item concerns TAVA's claim for additional revenue from one of their projects. TAVA has recognized revenue of $2,912,000 even though they are in litigation over the claim. This is a very liberal interpretation of accounting standards. Applying more conservative accounting would show a loss for the year of $0.20/share. Al