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To: Frank Wechsler who wrote (5190)	2/16/1999 2:05:00 PM
From: Robert V. Cavaleri	Read Replies (2) \| Respond to of 10081

I found this on the yahoo board, but it's not clear what it is exactly. biz.yahoo.com If it is a filing to sell, it could explain our problem today.

To: Frank Wechsler who wrote (5190)	2/16/1999 4:38:00 PM
From: Kurthend	Read Replies (1) \| Respond to of 10081

Frank, I have posted a great deal on the Series C convertibles. IF I am wrong on the reason why the stock is depressed, then I guess I will have to voluntarily banish myself from the SI board forever. Also understand, that other reasons for a depressed price could include but are not necessarily limited to GMGC's balance sheet, lack or "current" revenue and competition heating up. If I am right about the convertibles, then I think this depressed stock price is temporary. The convertible deal was signed on June 24, 1998. June 25th would be the start of the first day. For those that have a calendar, count the days. Anyway, 25% of the stock could be converted after 150 days (150 days would have been Nov 21, 1998, which by the way was a Saturday). The second 25% could be converted after 181 days (181 days = Dec 22, 1998), The third 25% could be converted after 211 days (211 days = Jan 21, 1999, by the way, this would have been the day of the Special Stockholder's meeting). The fourth 25% could be converted after 241 days (241 days = Feb 20, 1999, that is this upcoming Saturday). I realize that the convertible holders are not required to convert at this time. But IMHO, this would be the prudent thing to do for the holders. If this is the case, I have no doubt (once again in IMO:)) that this is one final push to lower the price as much as possible to get the greatest number of shares. Take care, Kurt PS I hope like hell I am right about this one:)