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To: Austin S. who wrote (3105)	7/31/1998 11:48:00 PM
From: pgl52	Read Replies (1) \| Respond to of 10081

A short time ago GMGC did a financing deal with convertible debs Whatever the timing attached to the deal, it has now started. Whoever is financing this deal has agreed to buy GMGC at 80% of the price it was at, this may be 8.40 etc, I am not sure of the number. However, the financier will start shorting the stock against his future guarantee lower price purchase, guaranteed by the managment, and will drive the price down to that level. If it falls further, so much the better for the financier as he can short and cover even more. When all the financing is over, he can buy back in a the new depressed price. Management has sold out the shareholders short term for the long term gain of "all." If you belileve in the company and can hold, fine, if you are on margin, watch out, especially as the price falls below 5, as this will force out the week hands, not weak in fortitude, but weak in $ to cover. This price drop has nothing to do with the earnings report or anything else. It has to do with the financing and was predictable. The question to ask yourself is why didn't you sell out at 13 or 12, and short the hell out of this stock with this financing coming down the pike, make a wad and then rebuy back in. By the way, these lessons are learned at great price if you are lucky, if you are stupid you just blame the shorts. But remember the shorts are institutional shorts, financiers, who are set up by the management to rainse funds. See the Motley Fool recent review of financing as it applies to GMGC for further info. Hopes this helps.

To: Austin S. who wrote (3105)	8/1/1998 3:29:00 AM
From: Sea Otter	Read Replies (2) \| Respond to of 10081

Today I got chased onto the beach by a group of sharks. I thought I was safe for a moment, but then got attacked by a pack of wolves. Now clinging to a rock in the tidal zone, licking my wounds. I suspect other GMGC longs felt similarly. My flippers hurt. The day's events? Here is my view. This is silicon valley. I know a lot of millionaires and multi-millionaires here. All these people got that way by investing in technology-concept stocks (either as an employee or as an investor). There isn't a single trader or "short" among them. These people don't play those games. They recognize such efforts average to mediocrity in the long run. Instead, they focus on creating true wealth. This means finding the right company in the right niche, and then having the courage to drive it through to success. In my view GMGC/Portico is such an opportunity. We all know the arguments pro and con here. So to cut to the core of the matter I'll just say this: try the product. If you think Portico is outstanding and that it fits a real market demand, then you should buy and hold. If you don't believe these things, then you should sell. In the end, everything comes down to product/market - all the other stuff is noise. If you like the product/market, then today's action was a godsend chance to get stock on the cheap. If you don't like the product/market, then you'd better get out real quick (or short, if you are so inclined). It's really quite simple. I've made my decision. Starting next Monday I think the ranks of satisfied Portico users will swell rapidly. Therefore, over the next few months, so will our stock. I'm off to Japan for a couple weeks and then meeting my boyfriend in NZ. Tracking stocks is not on the agenda. Hope to return to see that good things have happened to GMGC. Until then, best of luck to everybody! Have a great summer! Sea Otter