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Technology Stocks : Source Media SRCM

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To: Pluvia who wrote (1613)11/14/1998 11:43:00 AM
From: Rajiv  Read Replies (1) of 3015
 
4. SRCM has $100,000,000 of debt at 12% and no revenue, product or business plan that shows how they could ever produce enough revenue to be able to meet interest payments after the remaining 3 escrowed interest payments are paid.

SRCM was scheduled to pay out on Nov 1. The escrow account
covers only 2 more interest payments (May 1999 and Nov 1999).

Regards.
Rajiv
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