Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (10920)	2/12/1999 10:06:00 AM
From: lindend	Read Replies (1) of 122088

Anthony, According to UVSGA press release, they consider a premium offer for 46% SRCM shares at 14.25. Given that SRCM is currently trading in the 20's, isn't this a no-brainer short? In addition, under the terms of the agreement, UVSGA will invest $12 million to acquire approximately 842,000 shares of Source Media common stock, representing 6.2% of the outstanding shares. Source Media will also issue five-year warrants to purchase approximately 14.0 million shares of Source Media common stock at $14.25 per share, representing approximately 40% of the fully diluted equity. UVSGA will obtain two seats on the Board of Directors of Source Media.

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