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To: hcirteg who wrote (7524)	12/28/1999 2:33:00 PM
From: Mike Hardy	Read Replies (2) \| Respond to of 10081

hcirteg, u may be wrong about the short interest scenario. In the past month 50 million shares have traded, somebody is selling and somebody is buying and i don't think it's the retail market(on the buy side). The preferreds have about 13 million shares to convert but they haven't converted yet,so how can they sell? They short,imo they are selling shares to the institutions that are accumulating.They don't have to buy these shares back because they already have them at an average price of 1.68. Once they are finished liquidating their position we'll probably get a pr saying they have converted their shares,fwiw.jmo intraday quotes tscn.com 233k at 9:58

To: hcirteg who wrote (7524)	12/28/1999 10:48:00 PM
From: Seconds Out	Read Replies (2) \| Respond to of 10081

hcirteg, If Mike's theory ends up not being correct, and we really do have that amount of short interest, wouldn't it tend to minimize our downside through massive amounts of covering that would need to occur? So many millions of shares would need to cover that it would create a leveling effect if the price were to fall too far below current levels. Unless you feel it is an indication that someone knows something and is making a big bet. If investors have seen the recent rise as being the exception, discounting OnStar, and feeling that GMGC is going back to the 1's, they are taking a huge risk, imho. We no longer are faced with any Preferreds having an incentive to push the stock down for conversion re-sets, unless one feels that the Preferreds would try to spend huge resources to push the price down well below its past lows, which is what they would need to get the price to in order to pay for their efforts. And if news hits of any significance, the results will be magnified as the shorts run for cover. I think Mike's theory has merit, but in the event it is incorrect, I am interested in understanding your cause for alarm, other than the obvious shock of seeing the large outstanding short interest. As you know, I value your opinion. Seconds Out.