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Technology Stocks : Source Media SRCM

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To: Sir Auric Goldfinger who wrote (1591)	11/13/1998 9:20:00 PM
From: Pluvia	of 3015

Auric, Interesting revelation in the SRCM Q numbers. Holding back $2.5 million in bills to make the cash burn and operating capital look good - to think that we would no catch that old scumbag trick!! When they pay the $2.5ish million in outstanding bills their operating cash is going to be tiny, it also means they are burning about $5ish million a Q now leaving them with only about 2 Q's before they are bankrupt!!!!!!! That puts them at bankruptcy in Q1 or Q2 99.... Adding to their problems will be E & Y auditing their books at the end of this Q, expect an "Ongoing Concern" statement and possibly E&Y throwing in the towel when they find out about the Q1 97 problem that SRCM has not yet disclosed to shareholders.. What do you think buddy? All Comments IMO Cheers Steve

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