A call came yesterday seeking support for Management at the Global Multimedia Annual Meeting. I have contacted everyone whose investments I influence to be sure they have voted, and voted right. One lady, I learned, not only had voted but had a cast a write-in ballot for me for Board Member! Not to worry; her holdings are insubstantial.

My informal survey convinced me that the big problem you face is ignorance. No one had any idea of what preferred stock is, or how its issuance might affect the common.

Since I will not be at the meeting to make them, here are my comments. I strongly commend Management for having issued the preferred stock, and am confident that it will benefit common holders by increasing net income, Net Asset Value, and consequently distributions paid to shareholders and the market performance of the common. Low interest rates and a strong market environment opened a window of opportunity for benefiting the Company by issuing preferred, and Management deserves credit for recognizing the opportunity and acting on it.

If these comments from an "outsider" are of any value in the Meeting please feel free to use them, paraphrase them, and use my name or not.

Sincerely,

Name withheld