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To: Mike Hardy who wrote (7526)	12/28/1999 3:44:00 PM
From: hcirteg	Respond to of 10081

Mike- Believe me...I hope you are right. :) HC

To: Mike Hardy who wrote (7526)	12/28/1999 10:26:00 PM
From: Seconds Out	Respond to of 10081

That is a very interesting scenario, Mike. I have been wondering how the Preferreds would try to get their money out now instead of having to wait for the SEC approval. While I acknowledge it may not be the cause of the short interest rising, it certainly is plausible. In addition to getting their money out, it would also allow them to benefit from price spikes. Additionally, they would be diminishing the risk that they would be selling their shares into a falling stock price caused at least in part by the fact that they were flooding the market with their shares. I have been disappointed that the huge volume of the past few weeks occurred prior to the SEC approval therefore not allowing us to begin ridding ourselves of the massive sales of shares that the Preferreds would create. It appears that they have utilized a smart, and legal, technique to get themselves, and us, closer to finalizing their investment in GMGC. If the rise in short interest is due to investors who feel that GMGC is headed back to the lows of this autumn, I feel that they are looking on the rear view mirror and not ahead. OnStar is a big, big deal. And if others soon follow this stock will be way out of its current range, imho. Additionally, with GMGC stating that they will not be doing any more deals with the sharks, it is all the more reason for us not to see a repeat of the spiral that occurred this past year. We may see some additional erosion this week due to tax loss selling and some players jumping back off the momentum bandwagon. But the market for voice enable services is accelerating, and GMGC will be in more and more demand in the coming months. Thanks again for your insight. Seconds Out.