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Technology Stocks : General Magic

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To: Souze who wrote (9603)	5/29/2001 2:43:12 PM
From: Seconds Out	Read Replies (1) of 10081

Souze, it looks like Revere decided to purchase an additional $1.3 million of GMGC stock for $1/share, beyond their initial obligations. After purchasing all of their $2 million by May 4, 2001 they agreed to buy up the remaining shares under the LT agreement on May 24, 2001. The financing, as unfortunate as it was to have to to it at all, could have been a lot worse. Though Revere got a nice discount to market, they accelerated their purchases, and then decided to go ahead a buy even more. The fact that they bought more than they had to is a positive sign as to where they see the direction of the stock price going, imho. How much value we can place on their judgement remains to be seen. Seconds Out.

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