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Technology Stocks : Source Media SRCM
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To: Smilodon who wrote (2817)10/27/1999 12:29:00 PM
From: MW  Read Replies (3) of 3015
 
whats the matter archie?? despite you're predictions of gloom and doom the patient is still very much breathing and you don't get it??

Ignorant? You know all too well that I have made alot more money than you on this issue. I admit that I could have and probably should have made more but this company has been nothing short of a home run for me and I'm happy to have an opportunity to build back a bigger position at these prices. I don't believe this co is going out of business, I believe the JV with Insight will be successful, and at the very least the co's technology and patents are worth significantly more than what the co is selling for. History has shown 7 3/4 to be a great place to buy. We will see.

Hypocritical? Nothing wrong with believing all of the above but still be concerned in the short term about the stock price. I saw better opportunities elsewhere for some of that money. I guess I was right. I always maintained a nice position in the co.

Direct your anger to the real issue. The company is still alive and kicking. The patent non issue is settled. The bondholders have ok'd the deal. Insight has confirmed the deal will be completed after srcm gets shareholder approval in a few weeks. Enough cash to at least meet May 2000 interest payment. The lawsuits against the not so brite guys was settled in srcm's favor. The rollout continues in Illinois and Ohio.

So tell me archie, when are you gonna be right about anything? How long does srcm has to stay around until you understand they're gonna stay around?
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