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Technology Stocks : General Magic

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To: John Madarasz who wrote (6650)7/1/1999 10:31:00 PM
From: Seconds Out  Read Replies (1) of 10081
 
John, well said. It is nice to sit back a bit and be able to read the many intelligent posts of various opinions that have been coming along lately.

Additionally, I was very impressed by the interview with TWST. Dr. Markman was unusually forthcoming in his positive statements about the company, and I liked what he had to say about where he was looking for future capital.

I will admit to not having much experience in the game of Convertible Preferred Financing, but I find it very coincidental to see the uptick in volume the past two days since the conversion period began. As a businessman I understand their right to maximize the amount of shares they can create for themselves. Hopefully, their actions are at least a contributing factor to the current malaise in the stock price.

Certainly the lack of revenues keep a healthy percentage of investors on the sidelines as well. If the growth in MyTalk subscribers is being accurately accounted for on recent posts, I believe we will see some investors begin to jump back on the bandwagon once those numbers become public.

Because of GMGC's past, we don't have the luxury of attaining ludicrous valuations like some other start up companies until GMGC earns it. That may ultimately be a very positive thing. Though it has been a frustrating year to endure, I do feel very good about the future. I do believe that the next six months will see the breakthrough of getting the idea of accessing Web content with your voice to be a viable one in the minds of the public. Now if GMGC could just put the next round of funding to rest in a positive manner...

Best wishes to all believers in the magic.

Seconds Out.

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