diff --git a/src/markdown.rs b/src/markdown.rs
index 575064b..d4f6351 100644
--- a/src/markdown.rs
+++ b/src/markdown.rs
@@ -1,6 +1,9 @@
-use std::{io::BufWriter, path::Path};
+use std::{
+    io::{BufWriter, Write},
+    path::Path,
+};
 
-use pulldown_cmark::{Options, Parser};
+use pulldown_cmark::{CowStr, Options, Parser};
 
 pub fn compile_markdown(
     src: impl AsRef<Path>,
@@ -9,53 +12,260 @@ pub fn compile_markdown(
 ) -> std::io::Result<()> {
     let src_text = std::fs::read_to_string(src)?;
 
-    let html = create_file(html)?;
-    let gmi = create_file(gmi)?;
+    let mut html = create_file(html)?;
+    let mut gmi = create_file(gmi)?;
+
+    let mut state = State::Start;
+    let mut counter: u64 = 0;
+    let mut links: Vec<GmiLink<'_>> = vec![];
 
     for event in Parser::new_ext(&src_text, Options::all()) {
         use pulldown_cmark::Event::*;
 
         match event {
             Start(tag) => {
-                use pulldown_cmark::Tag::*;
+                use pulldown_cmark::{CodeBlockKind, HeadingLevel, Tag::*};
 
-                println!("{tag:?}");
+                match tag {
+                    Paragraph => {
+                        html.write_all(b"<p>")?;
+                        if state != State::Start {
+                            gmi.write_all(b"\r\n\r\n")?;
+                        }
+                    }
+
+                    Heading { level, id, .. } => {
+                        if let Some(id) = id {
+                            html.write_fmt(format_args!("<{} id=\"{}\">", level, id))?;
+                        } else {
+                            html.write_fmt(format_args!("<{}>", level))?;
+                        }
+
+                        let hashes = match level {
+                            HeadingLevel::H1 => "# ",
+                            HeadingLevel::H2 => "## ",
+                            _ => "### ",
+                        };
+                        gmi.write_all(hashes.as_bytes())?;
+                        state = State::GmiPrefix(hashes);
+                    }
+
+                    BlockQuote(_kind) => {
+                        html.write_all(b"<blockquote>")?;
+                        gmi.write_all(b"> ")?;
+                        state = State::GmiPrefix("> ");
+                    }
+
+                    CodeBlock(CodeBlockKind::Fenced(lang)) => {
+                        html.write_all(b"<pre><code>")?;
+                        // TODO: highlighting with syntect
+                        gmi.write_fmt(format_args!("```{}\r\n", lang))?;
+                    }
+
+                    CodeBlock(CodeBlockKind::Indented) => {
+                        html.write_all(b"<pre><code>")?;
+                        gmi.write_all(b"```")?;
+                    }
+
+                    List(None) => {
+                        html.write_all(b"<ul>")?;
+                    }
+
+                    List(Some(counter_start)) => {
+                        counter = counter_start;
+                        if counter_start == 1 {
+                            html.write_all(b"<ol>")?;
+                        } else {
+                            html.write_fmt(format_args!("<ol start=\"{}\">", counter_start))?;
+                        }
+                    }
+
+                    Item => {
+                        html.write_all(b"<li>")?;
+                        gmi.write_fmt(format_args!("{}. ", counter))?;
+                        counter += 1;
+                    }
+
+                    Strong => {
+                        html.write_all(b"<b>")?;
+                        gmi.write_all(b"**")?;
+                    }
+
+                    Emphasis => {
+                        html.write_all(b"<i>")?;
+                        gmi.write_all(b"*")?;
+                    }
+
+                    Strikethrough => {
+                        html.write_all(b"<s>")?;
+                        gmi.write_all(b"~")?;
+                    }
+
+                    Link {
+                        dest_url, title, ..
+                    } => {
+                        html.write_fmt(format_args!("<a href=\"{}\">{}</a>", dest_url, title))?;
+
+                        gmi.write_fmt(format_args!("{}[{}]", &title, links.len() + 1))?;
+                        links.push(GmiLink {
+                            title,
+                            url: dest_url,
+                        });
+                    }
+
+                    Image {
+                        dest_url, title, ..
+                    } => {
+                        html.write_fmt(format_args!(
+                            "<img src=\"{}\" alt=\"{}\">",
+                            dest_url, title
+                        ))?;
+
+                        gmi.write_fmt(format_args!("{}[{}]", &title, links.len() + 1))?;
+                        links.push(GmiLink {
+                            title,
+                            url: dest_url,
+                        });
+                    }
+
+                    Table(_align) => {
+                        html.write_all(b"<table>")?;
+                        // gmi ??
+                    }
+
+                    TableHead => {
+                        html.write_all(b"<thead><tr>")?;
+                        state = State::TableHead;
+                    }
+
+                    TableRow => {
+                        html.write_all(b"<tr>")?;
+                    }
+
+                    TableCell => {
+                        if state == State::TableHead {
+                            html.write_all(b"<th>")?;
+                        } else {
+                            html.write_all(b"<td>")?;
+                        }
+                    }
+
+                    other => {
+                        eprintln!("Unsupported tag: {:?}", other);
+                    }
+                }
             }
 
             End(tag) => {
-                use pulldown_cmark::Tag::*;
+                use pulldown_cmark::TagEnd::*;
 
-                println!("{tag:?}");
+                match tag {
+                    Paragraph => {
+                        html.write_all(b"</p>")?;
+
+                        if !links.is_empty() {
+                            gmi.write_all(b"\r\n\r\n")?;
+                            for (i, link) in links.iter().enumerate() {
+                                gmi.write_fmt(format_args!(
+                                    "=> {} [{}]: {}",
+                                    link.url, i, link.title,
+                                ))?;
+                            }
+                            links.clear();
+                        }
+                    }
+                    Heading(level) => html.write_fmt(format_args!("<{}>", level))?,
+                    BlockQuote(_) => html.write_all(b"</blockquote>")?,
+                    CodeBlock => {
+                        html.write_all(b"</code></pre>")?;
+                        gmi.write_all(b"```")?;
+                    }
+                    List(ordered) => {
+                        if ordered {
+                            html.write_all(b"</ol>")?;
+                        } else {
+                            html.write_all(b"</ul>")?;
+                        }
+                    }
+                    Item => html.write_all(b"</li>")?,
+                    Strong => {
+                        html.write_all(b"</b>")?;
+                        gmi.write_all(b"**")?;
+                    }
+                    Emphasis => {
+                        html.write_all(b"</i>")?;
+                        gmi.write_all(b"*")?;
+                    }
+                    Strikethrough => {
+                        html.write_all(b"</s>")?;
+                        gmi.write_all(b"~")?;
+                    }
+                    Link => {}
+                    TableHead => html.write_all(b"</tr></thead><tbody>")?,
+                    TableRow => html.write_all(b"</tr>")?,
+                    TableCell => {
+                        if state == State::TableHead {
+                            html.write_all(b"</th>")?
+                        } else {
+                            html.write_all(b"</td>")?
+                        }
+                    }
+                    Table => html.write_all(b"</tbody></table>")?,
+                    _ => {}
+                }
+
+                state = State::Paragraph;
             }
 
             Text(text) => {
-                println!("!{text}!");
+                html.write_all(text.as_bytes())?;
+                gmi.write_all(text.as_bytes())?;
             }
 
             Code(code) => {
-                println!("`{code}`");
+                html.write_all(b"<code>")?;
+                html.write_all(code.as_bytes())?;
+                html.write_all(b"</code>")?;
+
+                gmi.write_all(b"`")?;
+                gmi.write_all(code.as_bytes())?;
+                gmi.write_all(b"`")?;
             }
 
             SoftBreak => {}
 
             HardBreak => {
-                println!("<br>");
+                html.write_all(b"<br>")?;
+                gmi.write_all(b"\r\n")?;
+                if let State::GmiPrefix(prefix) = state {
+                    gmi.write_all(prefix.as_bytes())?;
+                }
             }
 
             Rule => {
-                println!("------");
+                html.write_all(b"<hr>")?;
+                gmi.write_all(b"---")?;
             }
 
             TaskListMarker(state) => {
-                println!("[{state}] task");
+                if state {
+                    html.write_all(b"<input type=checkbox checked disabled>")?;
+                    gmi.write_all(b"[x]")?;
+                } else {
+                    html.write_all(b"<input type=checkbox disabled>")?;
+                    gmi.write_all(b"[ ]")?;
+                }
             }
 
             other => {
-                eprintln!("Unsupported markdown event: {:?}", other);
+                eprintln!("Unsupported event: {:?}", other);
             }
         }
     }
 
+    html.flush()?;
+    gmi.flush()?;
+
     Ok(())
 }
 
@@ -67,3 +277,16 @@ fn create_file(path: impl AsRef<Path>) -> std::io::Result<BufWriter<std::fs::Fil
         .open(path)?;
     Ok(BufWriter::new(f))
 }
+
+#[derive(Debug, Clone, Copy, PartialEq, Eq)]
+enum State {
+    Start,
+    Paragraph,
+    GmiPrefix(&'static str),
+    TableHead,
+}
+
+struct GmiLink<'link> {
+    title: CowStr<'link>,
+    url: CowStr<'link>,
+}