Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kurthend who wrote (5162)	2/14/1999 3:52:00 AM
From: Tom Murphy	Read Replies (1) \| Respond to of 10081

Good post Kurt...In reference to your advice to short Stocks involved in this type of deal..I know several people that do searches on the Web looking for Convertible Financing filings for just that purpose.

To: Kurthend who wrote (5162)	2/14/1999 7:30:00 AM
From: Straight Up	Read Replies (1) \| Respond to of 10081

Kurt, Great post. I appreciate the analysis. I think we all win in this case - the shorts get immediate gratification and the longs get to buy more!! Straight Up

To: Kurthend who wrote (5162)	2/14/1999 10:30:00 AM
From: Seconds Out	Read Replies (2) \| Respond to of 10081

Kurt, thanks for taking the time to compile the pertinent documentation. You, I , and a number of others here have had a sense that GMGC sold its soul to the Preferreds. Of course, did Dr. Markman really have much choice at the time. I think he did the best thing for the long term benefit of GMGC, but in retrospect I wish I would have understood the short term implications more deeply. This set of circumstances is one of the underlying reasons for my (our) optimism as to the direction of the stock price as we move through and then out of the Conversions. As Fred has made clear, nothing is for sure. However, GMGC has continued to deliver on Dr. Markman's promises. Key relationships are continuing to mature and get closer to going live. And the wildcard, who will fill in the blank provided by the vote at the Special Shareholders Meeting, will hopefully be filled in before too long. Let us hope that it is worth the extra dilution it will create. I believe it will be. Thanks again, Kurt, for the amount of time you took. Seconds Out.