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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (3086)	1/24/1998 1:51:00 PM
From: Maya	Read Replies (2) \| Respond to of 79164

Well, investment is a matter of risk reward ratio. It seems to me that GMGC, at a mkt cap of $35 mil or trading near its cash value, has about 25c downside and a few DOLLARS upside if the Serengeti project has some mild success. Or to put it differently, if someone put you in charge a project that has $30 mil cash (as of Jan98) and misc assets that include the magic cap, their agent software, the Serengenti project, all the equipment, the board and the team --- all valued at about $5 mil: would you do it? I know I probably would. I also like the fact insiders have been consistantly buying the stock in the past few months.