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To: Seconds Out who wrote (7529)	12/29/1999 7:40:00 AM
From: hcirteg	Respond to of 10081

Seconds- Mike's post certainly de-flamed my shock with the short interest...BUT: 4 million share jump is a bit much in 30 days...NOW...if Mike's theorm is correct then the preferreds have converted..kinda sorta and that would be great. I have my doubts. GMGC has been notorious (to date, over the last 3 years) of running up in price on hype, momentum, no news, etc...even to 15..yet always come back down and in a hurry. My gut says that they EVENTUALLY will be successful and GM bought us another 9-12 months...which should be all we need. My crystal ball is clouded for GMGC (unlike my crystal ball for VLNC as you know:))... We can only hope that the optimism of both Mike and you can help us frustrated bah humbugers see the bright "afterglow" of the GMGC rocket. Happy new year to you and yours. HC

To: Seconds Out who wrote (7529)	12/31/1999 12:32:00 AM
From: Kurthend	Read Replies (1) \| Respond to of 10081

Seconds, Everything I am about to say is pure speculation. It is also based on conversations with other individuals. The bottom line is that you need to take anything I say with a grain of salt:) I am only trying to introduce thought provoking ideas. Also, I have gone skiing (with a few drinks) and I am really tired. So if my grammar is really bad, my apologies. 1. I am beginning to believe that GMGC could be bought out (This is IMVHO of course). Certain signs are out there although these signs could be misleading. Some of the signs I see are increased interest in SR/VUI technology, GMGC's immediate inability to obtain revenue from their product, GMGC's lack luster balance sheet, the departure of certain key individuals in the company (White for example who may not want to work for a large corporation), PHCM buying out @motion (personally this does irritate me) and the apparent registration or filing to register all of the preferred and other shares (ie A-F and the the ESOP). 2. Guys and gals. I firmly believe that the preferreds are getting out. What are the signs? First, look at the chart from mid-October until the present date. Does that look like a chart where the Preferreds want to lower the price? General Motors bought in at $1.68. What was the latest conversion price for the preferreds? It was I believe about $1.38 and $1.68. Do you really believe that Gen Mot would allow the preferreds to lower the price this upcoming 10 days? Gen Mot would destroy these guys IMO. I have heard individuals express their disdain (for a lack of a better term) about the increase of shorts to over 9 million. If the number of shorts told the whole story, why wouldn't the price of the stock have been lowered due to the "immense" pressure of the shorts? What is happening, IMHO, is that the preferreds are covering their shares with some of their 12.5 mil shares that have recently been converted (ie filed for registration on Oct 30). There is no downward pressure on the stock. Whereas, before (last 18 months) they probably shorted on the open market creating the downward pressure. The preferreds will cover with their converted shorts. 3. One may ask. "How come there are 12.5 million shares converted yet only 9 million shares shorted." Well, read the SEC docs about how the preferreds can rid themselves of the shares. Options, shorting against the box, open market, etc. The preferreds aren't stupid. They will use a myriad of avenues to rid themselves of the stock as quick as possible. They will win regardless of the scenario. 4. I am worried about how SM will get the recurring revenue deals for GMGC . The only thing I can think of is that he is wiser after Surace and McCormick left. The addition of Rose as the CFO will hopefully help enable GMGC to start making deals that are worth a darn. 5. I am not happy with management or SM at this time, but I am holding for now. Something is up. I just don't know what. I have yet to sell a share despite my roller coaster feelings on this company. Sorry about the incoherent ramblings:) Take care. Kurt PS I hope that by Jan 3, 2000, GMGC dumps INTU and XCIT. Those deals were as worthless as t... on a boar hog. Absolutely no recurring revenues or revenue period. GMGC can do better.