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

To: Carl Yee who wrote (718)	7/29/1998 1:04:00 AM
From: Smilodon	Read Replies (1) \| Respond to of 3015

Insiders usually can't sell until after the earnings release. The company is in their quiet period and insiders are usually barred from selling as that would be seen as insider trading, since the company should already know its quarterly results. Technically, if an outside board member had not been briefed on the quarterly results, he could sell. But as a matter of course, most, if not all, companies impose a trade restriction for all insiders during the quiet to avoid the appearance of impropriety. Corporate officers and executives are definitely barred from trading during this time. The stock may very well trade off in anticipation, but the supply will not hit the market for a few weeks. Regards, Archer

To: Carl Yee who wrote (718)	7/29/1998 2:37:00 AM
From: Saulamanca	Read Replies (1) \| Respond to of 3015

According to the S-3/A: << This Prospectus relates to the public offering of up to 4,775,857 shares (the "Shares") of Common Stock, $.001 par value per share ("Common Stock"), of Source Media, Inc., a Delaware corporation (the "Company"), which may be offered from time to time by certain shareholders of the Company identified under the caption "Selling Shareholders" or by pledgees, donees, transferees or other successors in interest (the "Selling Shareholders"). The Shares being offered hereby are issuable upon the exercise of certain warrants (the "Warrants"). The Company will receive no part of the proceeds of sales of the Shares offered hereby, although it will receive proceeds from any exercises of the Warrants. >> Since the warrants don't look like they will be exercised at this time, it doesn't look like these shares are coming into the market , right ? Jim