Good article in Newsweek. No specific mention of
MagicTalk, but certainly good background PR for it:
newsweek.com
As to the conversions, I really don't understand that
topic very well. However, it seems logical to me that
the convertible holders would convert as soon as possible
(exercising 25% of their position as soon as the monthly
dates are passed). Why? Well, presumably they invested
thinking GMGC was a going concern and thus the stock
would go up. $5 is a very low and attractive price. If
they wait, this price may not be offered again. Of course,
they could still convert at $10 at a later point (per the
agreement giving them a guaranteed $10 conversion). But which
would you choose: buying GMGC at $5 now, or at $10 a few
months from now? Thus it seems likely that they've
converted as fast as possible.
If that premise is true, then it follows that the
converts would want the stock as low as possible during
the conversion period. Specifically, keeping it low
until their last conversion hurdle (next week, as I recall).
Then it will be in their self-interest for the stock
to rise.
All imho. Like I said, I'm out of my depth here.
Sea Otter |
