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To: Kurthend who wrote (4528)12/23/1998 10:44:00 AM
From: Drew Freeman  Read Replies (2) | Respond to of 10081
 
By the way...

I'm amazed at the level of DD on this board. I follow a number of other threads on S.I., (and Yahoo, but that doesn't really count :-))and the quality of thought and analysis on this board goes far beyond that of any of the others I've seen. Those other boards frequently sound like a sports commentator's play-by-play, "VTSS is up 1, oh rejoice. VTSS is down 1, oh gloom".

Thanks to all who work so hard to fill in the pieces of the 'risk vs. reward' puzzle with your thoughtful commentary and strong analysis. For me, this level of quality interaction makes being a GMGC investor much more fun and interesting.

Our situation right now, as we await some sort of positive news and upward stock movement, reminds me of stories of people stuck in an elevator during a power outage. You know that help is on the way, but you don't know when. It gets stuffy and uncomfortable, and occasionally somebody cracks. The group calms them back down. Eventually, though a voice comes over the intercom... It's Steve Markman! He's downstairs with a rescue squad. He's thanking us for our patience! He has personally rearchitected the city's power grid to get the elevator's moving again! And ... it's not just an elevator, it's now a Wonkavator! It's gaining speed ... it has burst through the roof! Oh my, isn't this the stratosphere? I see stars. It's a moonshot!

OK, back to reality. I guess what I'm trying to say, is if I'm going to be stuck in a damn elevator during a power outage, I'm glad it's with all of you.

Here's to a very successful 1999 to all of us!

Happy Holidays,

Drew



To: Kurthend who wrote (4528)12/23/1998 11:29:00 AM
From: Seconds Out  Respond to of 10081
 
Nice find, Kurt. I think Trust2000 makes a lot of sense, and I tend to agree with his take on things. Either he met with them or he is very astute, imho.

The two items of concern continue to be the cash flow situation, and their inability to project revenues at this time.

I have posted before that I feel they will go the strategic partner route. That would lend both credability and stability to the company in return for the dilution which would occur. They are in a position to offer their partner much more in return than they could have six months ago. They did what they had to do to survive by going the Convertible route before. It has been costly in terms of stock price.

The revenue projections is a tough one, because nobody has ever done this type of business before. I am sure they can find some other type of model to use, but I can understand their reluctance to put numbers out publicly given the past failings of the (old regime of the) company.

These factors contribute to a large degree as to why I, you and it appears others, feel the upside dwarfs the downside at this time. The stock price is being punished by this uncertainty while the underlying fundamentals continue to come together.

Seconds Out.