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

To: xcr600 who wrote (2116)1/29/1999 5:45:00 PM
From: Kevin Podsiadlik  Respond to of 3015
 
No, it does require 20 closes at 20+...

noddings.com

Source Media '00 SRCMW BBRD 4.813/ 5.063 836153114
Underlying Securities: SRCM OTC 18.750/ 19.000 8.445M Stock
On Exercise: Current -06/23/00 send: 5.500 US$ to receive: 0.500 SRCM
Call Terms: Current -06/23/00 Callable for 0.01 US$ if SRCM CLast 20.00 US$ for 20 bdays



To: xcr600 who wrote (2116)1/29/1999 6:59:00 PM
From: Smilodon  Respond to of 3015
 
Kevin is probably right,

However, there is some ambiguity in the language I have seen in SRCM's documents, so maybe you could make a case that the stock must just trade above 20 during the day.

However, what you describe would be stock manipulation (the illegal kind I think) and could put someone in jail. While I think SRCM management has done some very questionable things, I actually don't think they have done anything clearly illegal. That would be actual fraud.


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