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To: Rangle who wrote (5577)3/12/1999 10:57:00 AM
From: Rick Rappaport  Respond to of 10081
 
Sea Otter, we've talked before about our mutual befuddlement at the way McCormick responded-and Markman interceded-on the where's the do re mi question. I called McC yesterday and left a msg on his Portico (it's still cool). He called last night and I just listened to his msg. The gist of it: they're acutely aware of their financial position hourly, of how expensive it is to do what they're doing and how he spends more than 50% of his time reviewing financial strategies. He said nothing which would lead me to believe there's a lack of concern about this showstopping problem; on the contrary he sounded level headed and very devoted to solving the financing. He reiterated that gmgc has always pointed toward the second half of this year for the flow of revenues. He sounded a bit gruff at the outset "you can't please everybody" because my msg expressed dissatisfaction with the seemingly cavalier way he handled the money problem. But by the end of the rather long msg he was cordial and seemed optimistic.
I wish he would have seconded Markman's declaration that we won't run out of money but what good would mere words have been anyway.

I'm going to call back, thank him and tell him to change from devoting 50% of his time on this crisis to 100%.



To: Rangle who wrote (5577)3/12/1999 10:58:00 AM
From: Straight Up  Read Replies (3) | Respond to of 10081
 
Hi rangle

I am long GMGC. At this point there is no sense selling. I do chuckle when I read some of these posts. If investors are looking for a safe haven for their money then they should NOT be playing the stock market.

IMO

Wishing you the best

Stay in touch, I enjoy your views.

Straight Up