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Technology Stocks : Source Media SRCM
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To: KOVICH who wrote (131)6/8/1998 10:01:00 AM
From: Smilodon  Read Replies (1) of 3015
 
Can you give me more detail on the lawsuit for stock manipulation.

Is this the one where the shareholder of the acquired company accused them of depressing the price to lower the cost of the acquisition, or is it another instance?

They seem to be trying to push the price up now with a ton of conference calls. MW pointed out that the company can force conversion of warrants if they get the price above 20 for 20 consecutive days. He estimates they can raise $12 mil this way.

Regards,

Archer
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