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Technology Stocks : Source Media SRCM

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To: Sir Auric Goldfinger who wrote (1011)8/24/1998 7:40:00 PM
From: Pluvia  Read Replies (1) of 3015
 
Open Letter To OGRU and Their SRCM Analyst Anthony Stoss

Mr. Stoss:

The stock is not down just because there is no news of a buyout, rather because there never will be a buyout...

And because Management lied to the shareholders about the loss of business associated with the Brite & VNN purchase while insiders sold $20 million of stock...

And because the company has $120 million of debt and no product that will produce enough revenue to pay even the interest on the debt...

And because the company continues to lose customers...

And because management will need to restate their financials and possibly lose their auditor and the opinion on the '97K, causing the stock to be halted, while the company and it's officers face numerous additional lawsuits...

As a self proclaimed SRCM analyst - I'm surprised you failed to notice these things?

Cheers - and have a nice day - Mr. Pluvia was short and he and all of his associates, operatives and field agents already did.

All comments are the opinion of the author. All rights reserved ...

Pluvia Securities Research "where reality rains"
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