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To: dgurgel who wrote (9085)	9/15/2000 3:23:04 PM
From: Seconds Out	Respond to of 10081

I don't think that the size of this offering taints an IB's reputation, but I think you hit on something regarding an implicit recommendation. Also, certain players may have too much on their plates, or favor IPO's, or secondaries for their own recent IPO clients. Rose may have previous experience with this firm, or this firm may have a relationship with some others who have expressed interest in buying into GMGC, or it may be Huber's brother-in-law :-) ,or it may be some other reason. It is too difficult in our position to know the real reasons GMGC went with them. We either have to trust in the choice or not, and figure that soon enough we will see if it was the right choice. I like the way things are heading. I think we can agree that the company is in a much different mode than even six months ago; whether it be the hiring, web site, pace of PRs, or the number of events they are attending. The short term blip regarding this financing will be much less severe and of shorter duration, imho. Meanwhile it removes, if successful, the fear of another Preferred debacle. Seconds Out.

To: dgurgel who wrote (9085)	9/18/2000 4:47:50 PM
From: Seconds Out	Read Replies (1) \| Respond to of 10081

<<By Tuesday or so we will see if any great harm has been done to the retail investor. >> I guess we have at least the short term answer. With the Preferreds still finishing up their work, the Institutional investors being offered another channel for purchasing the stock, and many retail shareholders waiting for an announcement which includes more definitive revenues, the trend following the financing news has been all one direction. GMGC has a knack for leaving us with unanswered questions. I think many of the answers will become more clear over the next few months. The current pricing offers an opportunity, imho, as I think we will see things continue to fall into place. Seconds Out.