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To: Bob Zacks who wrote (5165)	2/14/1999 8:20:00 AM
From: Bob Zacks	Read Replies (1) \| Respond to of 10081

The only purpose I can see to this is if a suitor holds most or all of the convertibles and wishes to control and or buy out GMGC at as low a price as possible. The key question is who is holding and has held the convertibles.

To: Bob Zacks who wrote (5165)	2/14/1999 9:59:00 PM
From: Tom Murphy	Respond to of 10081

They usually have a target price and will sell whenever the stock hits that price. For example, lets say I convert X-amount shares at $5...then Auto PC News comes out and I sell at $8 or $9....Then when I see the rally stall (some due to my selling)..I go short on the stock...When the Stock goes back to $5 I cover my short position...and the Cycle continues. The GMGC deal is a little different than most because of the multiple conversion dates. I do not know if the convertible investors in GMGC will sell all the converted shares..But in most deals like this they sell as soon as possible.