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To: Straight Up who wrote (7649)	1/10/2000 5:19:00 PM
From: Tom	Read Replies (1) \| Respond to of 10081

SU With that many shares being sold and the info regarding personnel leaving as well as your comments regarding the web site, it's either the "end" or they're being taken over. Or something much more clever, and I can't imagine what that could be. I get worried about precipitous drops at day's end as we saw today. What's the share value (purchase price) to be? Tom

To: Straight Up who wrote (7649)	1/10/2000 5:27:00 PM
From: dgurgel	Respond to of 10081

You have seen my many postings on this. The site condition and the loss of the technical VPs really caused concern to me. I supervise the web guy at my small firm and can do fairly complex things myself. The things that GMGC is not attending to are trivial, and the entire site is a very simple one. Updating the calendar, the help wanted, etc., is not much more difficult than typing a Word document. I am at a loss to explain this except to use the analogy that once you sell your house you perhaps do not cut the grass. You would think pride alone would make them keep the site in reasonable shape. The site's graphics and those at portico.net were well done (alhough a bit dated now). I emailed Laura Crowley on not less than three occasions about this - the last time about four weeks back. She said they were short-handed. I am only guessing of course, but I think a buyout is imminent. We do not want to repeat January 1999's rapid rise to 7 followed by a rapid descent.

To: Straight Up who wrote (7649)	1/11/2000 9:18:00 AM
From: equityanalyst	Read Replies (4) \| Respond to of 10081

Pure speculation on my part, but there's another plausible explanation for the mysteries going on lately with GMGC (the out-of-date web site, etc.) which I don't believe has been discussed here yet: i.e., a pending stock offering. Management could be busy working with underwriters and in the process of a major web-site overhaul with new bells and whistles to appeal even more (than the current site) to potential investors. Think about it . . . with the stock way up recently, what better time to bring an offering? The company could accomplish several things: 1) by selling, say, 10-20 million shares at $5ish, GMGC adds $50 million-$100 million (minus underwriter fees) to their coffers to bolster liquidity and fund their ventures for a long time to come, dispelling any lingering concerns over their financial position (which now looks pretty solid anyway following the GM deal and the other potential revenue-producing services of the company); 2) the offering would provide an outlet for other recently registered (convertible) holders to convert and sell if they wished; in today's market and with all of the compelling things going on at GMGC, the company would have no trouble successfully selling a ton of stock, assuming the underwriters did a competent job; and 3) the offering itself would raise a lot of public/investor awareness of GMGC (something their internal PR effort has yet to accomplish) as the underwriters marketed the offering. As in other offerings, the equity analyst of the lead underwriter would no doubt initiate coverage of the company with a Buy rating shortly after the offering, and the secondary underwriters' analysts usually do the same. This increased exposure and sponsorship of GMGC would do wonders for the stock. Of course, if an offering were announced, the stock would likely trade down somewhat and then linger until the deal was done. But the long term benefits of an offering could be dramatic. Anyway, all of this came to me in a dream last night (seriously!), so take it with a grain of salt. It's just another (albeit low probability) scenario. See ya equityanalyst