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

To: JDN who wrote (28245)	2/16/1999 5:05:00 PM
From: WR	Read Replies (1) \| Respond to of 31646

First Let me say a BIG THANKS to all. JDN, JAi44 (a poster on Yahoo) posted this. No URL and I don't recall seeing it before but I thought you should see it I'm way behind on my reading now LOL WR "The Company's convertible debenture agreements require principal repayments beginning June 1, 1999. If the debentures are not converted into the Company's common stock, the Company believes it will have adequate financial resources to comply with the repayment terms." This clarifies why someone does not want this stock to go up. Convertible debentures will convert to the number of shares based on loan amount. If 1 million $ was loaned and stock is selling at $5 then holders will receive 200,000 shares, if stock is selling at $10 then holders receive 100,000 shares. Big difference. I guess we know who is paying PTM salary.

To: JDN who wrote (28245)	2/16/1999 5:37:00 PM
From: WR	Read Replies (2) \| Respond to of 31646

JDN At this point I don't think it matters but just to clear the air WR by: jai44 10122 of 10122I've been involved with companies that have had debentures issued before and were improperly shorted by the company which holds the converts. I have no knowledge whether or not this situation exists here. The way it works is the company that holds the debentures take a strong short position which causes a decrease in price. Then when price is low they convert their shares and use these shares to cover short position. Again I state I donot know if this is happening here but this can be investigated.