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

To: Ray Rueb who wrote (2484)	6/26/1998 10:12:00 AM
From: Mark Oliver	Respond to of 10081

Yesterday it was yesterday, but today it was the day before yesterday. Confused? It was June 24th. I checked to be sure. Close was 14 1/2. So, max conversion price assuming the stock goes up is $19.575 which would mean they get 2206896.5 shares. If the stock is less than $19.575 on the day of conversion 5 months from now, take that days number and divide it by 32 million. Should the price go down severly, there is a bottom of $5 for the conversion. That would mean they would get 6.4 million shares. Now you can build a case that these investors would like more shares in a beaten up company, or that they would like less shares that are worth more. I only hope that GMGC management has selected funding partners that have some interest in seeing the company become a blockbuster. As I posted earlier, the conversion is not for 5 months. In five months, trials and sales will be speaking for themselves. Now everyone is nervous. I don't believe any price decline today has anything to do with yesterday's investors. I do feel the large put buying could be from this group, and they might also short the stock if they want to lock in profits on portions of their shares. I don't need to explain this strategy to you, but they did short their entire position and the stock went above 19.575 in 5 months, they would have a big loss. Regards, Mark

To: Ray Rueb who wrote (2484)	6/29/1998 10:34:00 PM
From: Rubber Man	Read Replies (2) \| Respond to of 10081

Sir, 8-K just filed with GMGC. (http://www.freeedgar.com/search/ViewFilingsData.asp?CIK=933524&Directory=891618&Year=98&SECIndex=3109&Extension=.tst&PathFlag=0&nStartLoc=695&nEndLoc=360203&DateFiled=6/29/98&FormType=8-K&tabletype=1&tablename=Body&CompanyName=GENERAL_MAGIC_INC&SourcePage=FilingsResults&OEMSource=) I've been lurking on this thread since GMGC was in the low single digits, and you have been consistent in your enthusiasm towards GMGC, so I thought I'll come out of hiding and throw a concern of mine by you. Any comments are welcome, as I'm looking for some assurances that shorting won't be more profitable in the future. TIA ;) My problem with the financing is that the companies involved (especially RGC Int. Investors) is questionable in their past dealings. GMGC shareholders stands to lose in the volatility until the convertible shareholders convert. I already reduced my holdings in GMGC after the announcement, and would rather miss some profit than to be hit with a loss if it dips into the dreadful single digits(unlike most my position wasn't established under 10). :( Should I wait until revenues shows up and an guesstimate can be made of the market? Would it be too late? Cheers.