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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Phil(bullrider) who wrote (439)	7/18/1998 10:29:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 3015

From DeSource on the Yahoo thread> <I think you might have forgotten to tell your neighbor SRCM needs the price of SRCM stock to trade above 20 to raise money through the exercise of warrants. You see, because SRCM has leveraged themselves by borrowing so much money, and because they don't make enough money to pay the principal and interest on their debt, they have to borrow or sell stock to pay their bills.> Sure.. here is an example of your "half truths"...... 1)SRCM las leveraged themselves.. but have $20 million in the bank set aside to make the interest payments. 2) SRCM has $20 million in additional cash.....enough for the next 18 months at the current burn rate 3) SRCM has a division (IT networK) that generates positive cash flow and is growing ! 4) The exercise of the warrants benefits the company more than management. Why did you not mention this ? Why ? Prety convinient of you to leave this bit of important facts out. STOP CONFUSING THE PUBLIC WITH HALF FACTS ! Tell them everything.. or GET A JOB ! Pluvia.... I can shoot wholes in all your statements.. they are full of half truths... Unfortunately I have to go to work tomorrow and do not have time to do this !You on the other hand will be on AOL ! PS. I am not saying your wrong or right.. I'm just saying that an arm chair analyst without substantiation is not worth the time to read ! Talk is cheap without facts !!