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Non-Tech : The Source Information Mgmt Co.(SORC)

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To: JanyBlueEyes who wrote (73)6/17/1998 12:15:00 PM
From: Tensane 1  Read Replies (1) of 121
 
Jane,

Seems that this company continues to show that they are truly a growth company, accelerating their earnings, increasing their market share, increasing their markets, etc.

Couple of questions, this private offering, with their current asset to current liability ratio so good, why not generate cash from within, why do a secondary, and why the 500,000 sold by insiders on this deal? I could speculate that they have a target for acquisition, or they have a new product to roll out, and need cash to assist in rolling out the new product, but thought I'd ask your opinion.

No one can dispute their growth, but it has been my experience that it usually takes time for the market to accept a secondary offering unless the money is immediately utilized.

Kevin

P.S. It's a lot more fun discussing the business at hand, instead of defending your dignity, isn't it, it's been a tough couple of weeks.
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