Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Kurthend who wrote (9439)	4/4/2001 11:17:05 AM
From: Seconds Out	Read Replies (1) \| Respond to of 10081

Kurt, I can't really argue with your conclusions. I agree that it was not a prudent decision to do the financing this way, even if GMGC does see a potential benefit. It was shortsighted when you think of all the negatives the shareholders have endured...and all for chump change. I just wanted to pass along that GMGC made the decision to do this as opposed to them having no takers at $1, FWIW. GMGC may only be counting on the VA rollout as a reason to get a better number for this deal, so I am not counting on anything spectacular just because GMGC did this. And we all realize Revere can buy in all at once at any time. I can't say I am full of optimism, but I don't think they are going bust either. My main feeling is severe disappointment that something with so much potential has been so poorly managed do date. And I don't see anything which could propel GMGC in the near term to anywhere near the numbers we have seen in the past. I am hopeful, however, that the current price range will have be seen as an opportunity at some point in the not too distant future. I have been reading your posts elsewhere, and the appreciation is mutual. Seconds Out.