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

To: Nanchate who wrote (29513)	3/12/1999 12:10:00 PM
From: JDN	Read Replies (1) \| Respond to of 31646

Dear Nanchate: The fact that Renn filed the SC13G form seems to me they do in fact intend to hold the shares. Here is the entire filing if it will post. JDN UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) TAVA Technologies, Inc. ______________________________________________________________________________ (Name of Issuer) Common Stock ______________________________________________________________________________ (Title of Class of Securities) 872169107 __________________________ (CUSIP Number) 13G CUSIP No. 872169107 ______________________________________________________________________________ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. Renaissance Capital Growth and Income Fund III, Inc. 75-2533518 _______________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) _______________________________________________________________________________ 3. SEC USE ONLY _______________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Texas ______________________________________________________________________________ NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: _______________________________________________________________________________ 5. SOLE VOTING POWER 691,667 shares _______________________________________________________________________________ 6. SHARED VOTING POWER None _______________________________________________________________________________ 7. SOLE DISPOSITIVE POWER 691,667 shares _______________________________________________________________________________ 8. SHARED DISPOSITIVE POWER None _______________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 691,667 shares _______________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not applicable _______________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.04% _______________________________________________________________________________ 12. TYPE OF REPORTING PERSON IV _______________________________________________________________________________ ITEM 1. (a) Name of Issuer. TAVA Technologies, Inc. ("Company") (b) Address of Issuer's principal Executive Offices 7887 East Belview, Suite 820 Englewood, CO 80111 ITEM 2. (a) Name of Person Filing Renaissance Capital Growth and Income Fund III, Inc. ("Filer") (b) Address of principal Business Office or, if none, Residence 8080 North Central Expwy., Suite 210, LB 59 Dallas, TX 75206-1857 (c) Citizenship Texas (d) Title of Class of Securities Common Stock (e) CUSIP Number 75966V105 ITEM 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) ______ Broker or Dealer registered under Section 15 of the Act (b) ______ Bank as defined in section 3(a)(6) of the Act (c) ______ Insurance Company as defined in section 3(a)(19) of the Act (d) X Investment Company registered under section 8 of the ______ Investment Company Act (e) ______ Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) ______ Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F) (g) ______ Parent Holding Company, in accordance with section 240.13d-1(b)(ii)(G)(Note: See Item 7) (h) ______ Group, in accordance with section 240.13d-1(b)(1)(ii)(H) ITEM 4. Ownership. (a) Amount Beneficially Owned: On June 17, 1996, the Company and the Filer entered into a 9% Convertible Debenture Loan Agreement for $1,000,000. The Filer was also issued 25,000 warrants redeemable at $2.00 per share. Total shares beneficially owned at December 31, 1998 are 691,667 giving the Filer an ownership interest of 3.04%. On February 18, 1999, Renaissance Capital Growth & Income Fund III, Inc. converted its 9% $1,000,000 Convertible Debenture into 666,667 shares of common stock. The warrants are exercisable within 60 days. (b) Percent of Class 3.04% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 691,667 shares (ii) shared power to vote or to direct the vote: None (iii) sole power to dispose or to direct the disposition of: 691,667 shares (iv) shared power to dispose or to direct the disposition of: None ITEM 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the _ following: /X/ - ITEM 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable. ITEM 8. Identification and Classification of Members of the Group. Not applicable. ITEM 9. Notice of Dissolution of Group. Not applicable. ITEM 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that theinformation set forth in this statement is true, complete and correct. /S/ Russell Cleveland Date: March 11, 1999 ________________________________________________ Signature Russell Cleveland, President and CEO Renaissance Capital Growth and Income Fund III, Inc. _________________________________________________