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

To: Mark C. Livermore who wrote (2194)	2/22/1999 9:14:00 PM
From: MW	Read Replies (1) \| Respond to of 3015

Mark; thanks for the clarification but you shorts should try and get your story straight. Your pal archer says <<What I am really shocked by is the stock/warrant combination for the equity infusion. There are hundreds of convertible bond funds who would have done a deal that would have resulted in much less dilution. I could have easily arranged for $12 million in equity and required much less of a discount. I would have then sold additional shares short to lock in the profit. That is what convertible arbitrage funds do. >> And you say.. <<What we have here is a failure to analyze. SRCM has bought another year for itself-at a high price but at the only price that capital was available. >> Curious, seems like the right hand doesn't know what the left hand is spamming...and vica,versa. So, which one is it?? mw