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Technology Stocks : General Magic

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To: hcirteg who wrote (9518)	5/3/2001 8:18:29 AM
From: Fred Gohlke	Read Replies (2) of 10081

I suppose I should hang my head in shame for this, but ... 1) we need $20 million to get us to profitability 2) we have 67.5 million shares outstanding 3) in other words, we need about 30 cents a share to survive 4) the average GMGC investor probably has an average cost substantially above the current stock price. a) would the current stockholders invest an additional 30 cents a share on their holdings, to bring their company to profitability? b) what could the company offer to its stockholders to induce them to subscribe? (and protect them in a takeover) c) how would the rights of shareholders not wishing to participate be handled? A) This works out to about $300 per thousand ($300,000 per million) shares. B) It is dramatically less toxic (and a heck of a lot less expensive) than our earlier financings. Hey! All you folks hip-slappin' and rollin' in the aisles are making me feel foolish. Let me get a cup of coffee and wipe the sleep out of my eyes. Fred

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