Johnny Morocco  3/24/00


I believe GLE's nr situation may fall into my balloon theory. It's like at a kid's birthday party. As a parent, you blow on a balloon, blow on a balloon, blow on a balloon and nothing much happens. Some kids actually get bored. However, the more you blow on it the bigger it gets. The kid's that are wise enough, get more excited with each blow. Though everyone knows what's going to happen, no one knows exactly when. You keep blowing and without warning, KABOOM! And little bits of the balloon go flying everywhere. The kid's scream, and they're all happy.

I believe our balloon is getting bigger and bigger. The rubber is getting thinner and weaker, but the longer it holds out, the bigger the BANG and the further the bits go flying. Some investors are getting bored, but the ones that are wise enough are getting more and more excited.

This is a high stakes game of patience. JP must hold his cards real close and keep a real poker face. Too many players at the table would love to get a peak at his cards or read his expression.

As investors, JP is to some extent playing with our money, and we trust him. I TRUST HIM. A man I've never met and I think I've only seen one picture of. But I like his business sense. No, I RESPECT his business sense.

My jist from some posters is that the GLE B of D's have no vision. A bunch of croanies living in the stone age. THEY'RE WRONG! How/why do you think GLE got into the fuel cell biz anyway? It was people with vision, the B of D's.

Alot of Nancy panzies in this room who think they can do better. If you can, and many of you seem to know soooo much about fuel cells, then start your own FC co. Otherwise keep your yaps shut and let the pro's build a company that will make the rest of us kids wealthy.

Jim, take all the time you need.

Johnny Morocco