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

To: Toby Zidle who wrote (471)	7/19/1998 4:46:00 PM
From: Pluvia	Read Replies (1) \| Respond to of 3015

Greeting Toby, I think two warrants and $11 get you a share of common - exp 2000 I think. Good Luck Steve

To: Toby Zidle who wrote (471)	7/19/1998 6:42:00 PM
From: CMon	Read Replies (2) \| Respond to of 3015

Further to Pluvia's answer to your question regarding the warrants: In addition to the terms he described, the warrants are callable if the common closes =>$20/sh for 20 consecutive days. Think about that for a moment. If this stock closes above 20 for 11 more days, the company can force holders to exercise their warrants and benefit from a $40MM cash infusion. If the stock drifts down toward $20, watch for a new round of rumors.

To: Toby Zidle who wrote (471)	7/19/1998 8:11:00 PM
From: Street Walker	Respond to of 3015

SRCMW - warrants $11 strike price 1/2 share per warrant If $45 buyoug/share: (45-11)/2 = $17 - the worth of the warrants if $45 buyout. From looking at the options, it looks like open interest is greater for the calls than the puts. So more people are believing in the buyout rumor. Once again, SRCM needs to hold the $25 pre-rumor trading price. It hit this once Friday and bounced strongly off it! I am sure the shorts were not too happy about that. This just goes to show that: There are more believers in the rumor than those short. PLUVIA and group are in the MINORITY ! regards, S.W.