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Technology Stocks : Source Media SRCM
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To: MW who wrote (2190)2/22/1999 5:57:00 PM
From: Kevin Podsiadlik  Read Replies (1) of 3015
 
My math skills might not be as good as yours but if srcm stock is a zero waiting to happen,and you have shorted it in the teens as you say, then how did Peter Boylan get such a good deal by paying 12 million for a stock you say is a zero??

I hate to break this to you, but it's a stone cold lock that Mr. Boylan and Co. have already sold enough SRCM stock on the open market to guarantee at least breaking even on the deal. Who do you think has been doing all this selling that's been driving down the stock price? Lil' ol' us? The weaker hands among your Yahoo followers, perhaps?

No, UV is only a part of this because it's a no-lose proposition for them, If anything actually comes of the joint venture, that will be gravy. And it's a win for SRCM management, who have another year to get y'all to pony up the funds to raise more market cap to sell off to someone else. So who's the loser? Well, confidentially...
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