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Baja33

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Baja33

Re: pezman post# 101

Wednesday, 04/03/2002 10:08:29 AM

Wednesday, April 03, 2002 10:08:29 AM

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Pez,

My understanding was that there were 10 different buyers of the 33.3M shares. This fund only invested $2 million of the $7 million raised. I believe that Hyperion are going to manage the investments for these 10 clients. The Hyperion guys are traders - they are the ones running the market on GMGC. Unfortunately it looks like they are driving the price down for the next round of financing. It really suprises me though given how long it will take for them to dump the shares when we are only trading approx 1.5M a day. I though for sure they would run it up and dump some of the 33.3M for their 10 clients at a nice gain.

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