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To: dwight martin who wrote (2440)	6/25/1998 10:47:00 AM
From: Kurt Goebel	Read Replies (1) \| Respond to of 10081

They also said it is not convertible for a 5 month period after issuance. More info will come out about this as GMGC files SEC papers. The big plus is that GMGC has more capital to develop and promote magicTalk, Portico and MagicPhone. I agree that it is a plus that they are getting the loan. Sounds like they will be expanding or creating a new network ops center? Maybe their antispated demand for Portico is greater than their existing ops center can handle.

To: dwight martin who wrote (2440)	6/25/1998 11:00:00 AM
From: andyf	Read Replies (1) \| Respond to of 10081

That's what's worrying me a bit as well. Are we in one of those deadly 'floorless conversion' situations for GMGC stock, where those investment houses will short the stock to pieces ? I'm glad there's a five month waiting period, give me a chance to figure what what to do :-) andy

To: dwight martin who wrote (2440)	6/25/1998 12:32:00 PM
From: Mark Oliver	Read Replies (2) \| Respond to of 10081

Dwight, I think you are trying to drum up an issue which isn't really that big. I don't like dilution. I think it would be better if they could do it on the cash they have, but they don't think so. I think the issues of setting up operations are pretty easy to understand, but how they go about marketing this will be another story. I would think they are going to hit the road running and we will start seeing a lot of brand advertising. They will have to establish demo set ups for several hundred thousand stores across the US, as well as a big media campaign. So, explain to me why these investors would want to crash the stock only to buy it a little cheaper? If they can buy it based on 135% of the value on the close (is that today?, maybe $14), and the stock goes to say $30 in 5 months, they would paying $18.9 and nearly doubling their money. What if there is a mania that sets the price of this stock off like a Yahoo? Very possible in my opinion. Say we get a really good brand advertising going. New users way excede expectations and everybody starts to think of this as the next killer application. Why would an investor want to spoil what could be a $100 stock? Also, I would hope that GMGC has choice of investors at this point and they have taken money from groups that are interested in getting 20+ times return on investment and not short term gains like a day trader. No, I need some further explanation of this idea before I believe it. Regards, Mark PS Just out of curiosity, do you own stock in GMGC?