I guess we just have a difference in viewpoint. I don't believe I am looking through rose colored glasses.I believe I am looking forward instead of backward. I cannot argue against the current stock price being a disappointment. What I am saying, and what I said last month, is that I believe a divergence is occuring between the stock price action and the value of the company. The stock price action is due, imho, to continued fallout of the Preferred financing. In the beginning of October it was the reset period. Now it is the conversion and sale of massive amounts of shares. The market sees the fallout and stays away until it can be demonstrated that a rally can hold. We still have more to get through. Previously, the lack of revenue has made it easy to keep the price down. I believe that is changing, but we still need to get through the supply created by the conversions.
Wireless Knowledge can't even get its product started, Surely that isn't GMGC's fault. Qwest has problems of its own to deal with. I would love for Intuit to be live right now. GMGC said at the CC that they are ready for it. Not much more they can do.
The key difference lately is that deals are being announced only when they are consumated. Very big difference with Excite and GM versus Intuit and Qwest announcements. This difference extends to the fact that GMGC has gotten $20,000,000 from GM and $6,000,000 Excite instead of having to do another deal with the sharks.
I know about the LOC, but Nasdaq painted them into a corner regarding asset classification.
My opinion about Intuit, again, is that I wish it was live today. But not if it ties up limited resources without generating enough revenue. My belief is that the GM and Excite deals are on much more fav0rable terms than the Intuit deal due to how early on the Intuit deal was made. My belief is that GMGC has other deals in the pipeline that they feel will generate significant revenue and that they are taking a tougher line on the financial aspects of deals. This can be verified by IR.
We are entering a period of significant revenue growth. On-Star feels 1,000,000 users over the next year and 2,000,000 the following year. GMGC is getting a piece of that action on a monthly basis moving forward. Excite, Mytalk, Bell South will also be bringing in increasing revenues.
GMGC has been punished by the market for its past. I choose to see this right now as an opportunity to buy at prices that would not exist but for past mistakes. I believe that GMGC is now taking the actions to leave its past behind, and once we get through the conversions, and the market sees revenue growth occuring, the market will jump on board. That is the reward for the inherent risk right now. I believe it will be very much worthwhile.
I appreciate the dialog. It is healthy. No offense taken. Please take the intent of my post in aggregate.
I have strong conviction in my belief, and feel it is based on much time spent including a very long time with IR at Fall Internet. If you read my posts from after the show, and I know some of my information was via private messages ( didn't want to post things I couldn't prove and be accused of hyping), I think GMGC has begun to demonstrate the methods they indicated they were going to employ moving forward.
Seconds Out. |
