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To: Austin S. who wrote (6798)	7/30/1999 7:43:00 PM
From: biffpincus	Respond to of 10081

I wrote to GMGC IR for some clarification of the $20 million investment ... Subj: RE: a question for GMGC investor relations Date: 07/30/99 1:58:13 PM Eastern Daylight Time From: astapelm@frb.bsmg.com (Stapelman, Anne-Marie [BSMG FRB]) To: Biffpincus@aol.com ('Biffpincus@aol.com') David The $20mm is not a direct investment, it is more like an equity line that is available to the company if they choose to draw from it. The company may choose from time to time to use some of the money or may not use any of the money. If the money is drawn upon, shares of stock will be issued directly to the investor according to market price on that day, "with a slight discount". The number of shares will obviously depend on the amount of money drawn down. Does that help? Anne-Marie Anne-Marie Stapelman The Financial Relations Board 180 Montgomery, San Francisco CA 94115 ph 415.296.2263 fx 415.986.6549 ("emphasis added") - biff XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX I wrote back thanking her and asked a couple of other questions regarding if there was a time frame and/or share price collar tied to the deal. I will post any reply. David

To: Austin S. who wrote (6798)	7/30/1999 10:01:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 10081

<I still subscribe to and truly love Portico. > Austin, you were an early subscriber. Have you noticed the service getting any better yet? They had annnounced some improvements, and I suppose we are waiting for the serious upgrade that will make the service better and better. I canceled my service when I came to Australia last Nov. Regards, Mark