Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Smilodon who wrote (2188)	2/22/1999 5:36:00 PM
From: MW	Read Replies (1) \| Respond to of 3015

poindexter; thank you for reiterating your position on srcm. <<My past and current opinion on SRCM: SRCM management is still a bunch of promoters with no business talent. The brokerage houses covering SRCM have been compensated with investment banking fees or warrants and thus are not objective. I am evil for reading the 10Qs and 10Ks when I should have been a good boy and just blindly accepting anything management tells me. Then I could be just like you and good sheep. Their technology is outdated and will soon be rendered obsolete. Their intellectual property claims have yeilded only a small settlement years ago and have very little value. If this deal doesn't close, they will go bankrupt next year. If it does close, they will probably still go under, it will just take longer. SRCM stock is a zero waiting to happen. I have shorted it in the teens, 20's and 30's. And based on my calculations, all those numbers are much higher than zero. That's a math thing, you wouldn't understand.>> So I ask you again, If all of the above is true, than how did SRCM make such a bad deal if at the very worst they gave themselves another year of life??? A little inconsistent, don't you think?? Then again, when you scramble all over trying to manipulate information you're bound to contradict yourself plenty. You've deteriorated poindexter, and it's rather sad.

To: Smilodon who wrote (2188)	2/22/1999 5:45:00 PM
From: MW	Read Replies (2) \| Respond to of 3015

poindexter; in case you were too slow on the last one let me be a little more specific. You say this.. <<MW, Peter Boylan got about $50 million in stock and derivatives for $12 million in cash. He did really well.>> But you also say this <<SRCM stock is a zero waiting to happen. I have shorted it in the teens>> 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??