Boo is giddy - we must be near the top folks...
Mr. Boo,
Are you really stupid or do you believe this crap you post?
<<<Interesting point. 1. GIC is a part owner of Worldgate so how do you explain GIC including SRCM in it's Horizon development program>>>
The horizon development program was open to anyone that wanted to develop software to run on GIC's boxes - GIC's boxes offer an open platform so that as many software developers as possible could write software to run products on GIC's boxes thus making GIC's boxes more valuable to cable company buyers.
You continually misrepresent the relationship between GIC and SRCM. SRCM paid GIC to be involved in the horizon development project as a developer - as did all the other developers. GIC displays ALL software developed to run on their boxes - not just SRCM's.
You make it sound like GIC is out there pushing SRCM's product. Don't be an idiot boy, that's the farthest thing from the truth. GIC will push WorldGate's product long before they push SRCM's product - remember they are a WorldGate JV partner?
In fact the only product GIC could push is the Interactive Channel - you know the product that failed in Denton and Colorado Springs. And so that you recall, SRCM's interactive channel is not an internet service, only a menu screen. I'm sure lots of buyers will be interested in that - particularly since it already failed in 3 test markets.
I find it amusing that you somehow think because SRCM's stock price has recently risen the company is suddenly a better company. The stock has risen because the market turned from extremely bearish to bullish, some shorts covered, the company has been on a campaign to promote the stock and squeeze the shorts, and many large shorters are busy making money elsewhere, trading long positions rather than leaving money in a short position in a bullish market.
The bottom line is still the same for SRCM - the stock will go to zero, it has overwhelming debt, no product and crappy management accused of fraud and insider trading. Time is ticking away and every day that goes by the company loses more money and comes closer to the inevitable bankruptcy.
Enjoy the rise while it is here, but my dear daft buddy Boo, try to find a company that is bankrupt that trades at $15. The stock will settle down to its true value before long, and you will be crying the blues again.
All comments IMO
Cheers Steve
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