To: Mark-e who wrote (2103 ) 4/10/2000 1:39:00 PM From: Mudlogger Respond to of 2118
GLMC, GAAY associate, and RNWK partner and merger candidate under exclusive agreement (GLMC is the award winner for best Linux Application, applying e-commerce to streaming media), should be NASDAQ in a week or two. I read in the SEC files that Global needed to raise $4 million dollars for the next quarter, and NASDAQ requires they have 10 million minimum in financing available from their finance company, RGC, to qualify for a listing. All this was accomplished as of March 23, when the 1999 Option Plan became fully implemented. The SEC is now in the final stages of review. No reason for the application not to be approved. Also, on Friday CNBC did a very encouraging 7 minute segment on GLMC. You can study the volume since January 11 and see that all the warrants and options have been issued. 1) $10 million minimum from RGC: Warrants: 680,000@$8.4375 (study volume) 1.97 million approximately 4 dollar options written to board of directors, but not sold, and issued as of March 13 as stated in SEC files. 2) Additional capital raised includes these options and warrants (at least 4 million). Warrants: 62,769@$8.125 (study volume) Options: 85,000 @ $6.63 and $7.00, 12,000@$6.63, 15000@$7.00, 8000@$6.06, 77,000@$8.00. (study volume) and Several hundred thousand 4 dollar options probably sold by the board of directors to the new president and vice president and market makers between 5 1/2 and 6 1/2. (study most recent volume). Underwriters will likely be buying a significant portion of these shares and other shares held by RGC after the listing is announced, and a significant portion of the float is already tightly held for a secondary. It looks to me from the latest SEC File that Global Media is targeting this Fall (pre-Christmas runup for etailers) for the secondary when they will be raising a very substantial amount of money with RNWK?s assistance. E-commerce via streaming media should be hot. High speed connections are beginning to become the norm, and this Christmas should be the first boom for this kind of company. Global has been holding back a lot of news from which to start building momentum. I wouldn?t be surprised to see 30-40 dollars a share in the next few months. I'm only sending this out to longs - no daytraders