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Upfront and honest review by Gurupup. Thanks,. ---back from the cruise, so it is nice to see an announcement. I could use some good news as now back to reality as they say. Looks like today will be an up day---but I think to get a nice new high, we will need to get the annual meeting under our belt.
It is Black Friday, so everything is on sale --including stocks. LOL
Mark this post. Fourth Quarter will live up to KD Forecast to round out the year at 14 c pretax per share or better. THIS as I have posted before is a B2B business based on contracts with long lead times so management has great visibility as to the upcoming quarter.
Stock Junkkie needs to do a little more due diligence about the business model before making a forecast for a poor quarter when Kevin Donovan with almost 2/3rds of the last quarter under his belt and forecast meeting the 14 c year is made.
Who would you side with Stock Junkkie or KD who actually sees the business and the books daily and about 1 month and a half left in the year. LOL My bet is on Kevin. ---as well as a significant part of my portfolio. NOW for 2010, that has too many wild cards to call accurately right now.
I do not see in the balance of this week, much volume or PPS Action ---the Holiday week will take the steam outta the volume and lack of news (which is also not likely) will keep the PPS in a narrow trading range.
Given that I hold strong and plan on enjoying T-day (suggest all of you do the same). On Sunday I head off for a 7 day cruise--so it is/will be up to all of you here to fret about for me in my absence. $100 of medication and a large sized boat is my bet against paying $1000's to bob up and down and throw up.
Meantime---when I return I expect some announcements in early December and believe that by year end the PPS will be much stronger and we will have more clarity on 2010.
PS. Thank God for Capital One airmiles, as they are paying for most of the cruise.
I feel it is just color commentary and not big news, The big news will be when the MOU is signed into a definitive agreement, then you can start to attempt to determine impact on 2010.
Nothing as of yet that I know of on the MOU being signed into a definitive agreement, but I am sure the post was just to show POKEN's intentions to expand USA Operations. I am not sure myself why New York, which I assume means NYC--since they already have a San Francisco office (which I think is predominately sales--not sure). It would seem to me that California is likely to have more techy guys like the job ad was looking to post.
I am sure that the POKEN agreement will be detailed soon and would hope something would be announced in December
EGMI & POKEN have a memo of understanding for an exclusive joint venture
Best detailed on Ian Cassels website. Link to his DD page on this is http://iancassel.com/2009/10/13/egmi-signs-mou-to-form-a-strategic-partnership-with-poken/
Thanks Ian for the update. Do you really think that this late filing is the cause of recent weakness? --if so then I suppose we can look forward to next week albeit a short trading week.
Looks like the Friday doldrums ---unlikely to get any PR on friday and in the meantime this stock is stalled. Lots to look forward to though up to and including the annual meeting in NYC.
big seller 99,900 shares at 1.71 showing on level 2 quotes
Using AB Logic, Radio should have vanished from use in the early 1950's LOL
Hey RAW looking back one year and comparing EGMI with the DOW, NASDAQ and the S&P, this chart shows that starting in March, Lo and behold Bob Stocks is right, it surely is overvalued LOL
http://finance.yahoo.com/q/bc?t=1y&s=EGMI.OB&l=on&z=m&q=l&c=&c=%5EGSPC&c=%5EIXIC&c=%5EDJI
Not moving because as you said PE too high, LOL I am buying at these levels because I think it is too low. Bob Stocks just does not get it as Gurupup would say. Smart money buys low, sells high.
So come drink the Kool-Aid Bob as it really is fine wine.
No wine before its time and for right now this bottle is aging.
Yeap that makes sound risk adverse strategy. WHO DA MAN gets excited buys at $ 1.70ish. Sells upon death of COB at $ 1.40ish, Realizes the business is stronger than he thought and buys back in today at high $1.80s.
IT is smart moves like that -that will result in your BIGGY Hedge Fund interview with CNN.
Meantime less astute people like YALE AND I have been just accumulating. NO one will want to interview me and I am just devasted. But 440,000 shares with a less than 70 cent basis should help to heal that wound.
Three by end of month and still possible to be four or more by year end. Just depends on the news on China and Poken and other irons in the fire.
Merriman is a S.F. based firm, so having tits on a boar hog is a distinct possiblity and perhaps an advantage LOL
DD might start with a PE ratio and quick look at Yahoo statistics, but unless you go past that you should just stay away from EGMI. Most here have spent lots of DD and understand the opportunity, the story, the risks and more.
Hey RAW you forgot to mention the nice Gross Margins, close to printing money. LOL Lets see six months into 2009, EGMI Accumulated more CASH (with no long term debt) than prior years total sales. YeeeHaww
I Know, margins are going to suffer will be the response and the proverbial, oh my God, the NOL will expire and they will have to pay taxes. Well with a goal of $110M in sales in less that five years --about a tenfold increase from a management team that has been reliable in setting and achieving goals.
My take is I am staying long and strong. BOB Stocks should stay away from EGMI so he can have a cudda wooda shoulda story to tell his grand kids LOL
Forecast and company guidance for next quarter is a no brainer as in the presentation, Kevin said orders are about six months out, so as I have said before with a B2B model and contracts for customer sales, 90 days out is all based on pretty much known business.
So I too do not look for any surprizes. New contracts and guidance on Poken, China, other irons in the fire are the key, so more important is the excitement of conference call. The Merriman conference yesterday Ian tweeted
"$EGMI: Spoke to Poken.They are very impressed with KD. Having some very high profile meetings with major brands. Wuz the buz of the conf"
Hmmm if Poken was in NYC with Kevin, would not be a stretch to think Poken was there to dot Is and cross Ts on a contract. --firming up the MOU
Probably a good move to nail down the POKEN.COM website domain, not sure that they did not get poked on the pricing though. Anyway it seems of the approx $500,000 EGMI is to give Poken, we/they are down to $425,000
Also shows you how skilled Kevin was in getting CIRQ.COM, HE nailed down the domain name before anyone thought it would be worth alot--so Kudos to Kevin. Stephane if he had the same smarts would have gotten that domain name long ago. Perhaps also points to another reason why Poken needs Kevin and EGMI
This commoner is not trading, still holding strong and infact accumulated a little. I still think four or more for year end. --alot of good things can happen in the next eight weeks
but do feel I am building up an uncanny track-record of identifying risks and predicting outcomes which will be helpful when I get my first guest appearances on CNBC
WHO DA MAN, The EGO has landed as they say!! LOL
You might just wind up with a Chairwoman of the Board with inherited deep pockets. And to my way of thinking, that might not be all bad either. --as Casino mentioned, his wife shared his love of the company.
Not sure of British Inheritance laws, but typically in USA, stock like this is tied up in the estate for a while prior to distribution to heirs etc. It would not surprize me that these shares stay closely held and strongly so. Will be interesting to see how this is handled in the Nov 10th meeting and the annual meeting ---as I am sure that some company announcement will be made and of course a new chairman will be nominated.
While this is a personal tragedy to his family, it should not be an issue for the company even in the near term
Just the facts posted the event
and now with the Moscoe Group working with us and perhaps a few more key distributors, the Poken deal makes alot of sense and that adds up to alot of cents on the PPS in the near future.
We bring contacts, distribution, cash and Kevin with all that expertise on branding--so why wouldn't Poken be interested in our ability to get this product viral in North America. Perfect match.
I might be wrong, but the impression I got from one of the videos on that link, was that Pokenzoo office in San Francisco was Pokens attempt to break the USA Market or at least initial attempt. I am pretty sure that Kevin (EGMI) and Stephane (POKEN) will high four or high five one another, and with the Moscoe group for distribution and Kevin's golden rolodex it would make little sense for Stephane to One finger salute us.
The Pokenzoo approach is have to have Poken sell by one friend telling another. --too slow for this product and they need EGMIs contacts, money and expertise to assure sucess or that is how I look at it, WOULD welcome other views that might have better insight as right now all we have is a MOU
that was me, I like that analogy---because when EGMI Unleashes itself, it typically runs for about two weeks almost vertical.
LOOKS LIKE a green friday in the making.
I nibbled 2,000 at $1.85 ---slowly accumulating more, a bargain at these levels, just wait a month or so and current buys will seem awfully cheap
Instant lotteries are I believe those lotteries in which once you purchase the ticket you known if you are a winner after playing the game (card) or scratching off as in a scratch off ticket. NON Instant lotteries are those in which you have to wait for some TV Boobs to pop up numbered ping pong balls in tubes or roll out of a barrel, etc. SO you have to wait for the drawing or check your newspaper etc then next day
Given that the instant tickets are growing more, that plays well into EGMI hand
Who da man should not be using the abbrev IMHO as the H in this refers to Humble, He can use IMO, which always is NOT humble but brazen so perhaps he can use IMBO, also could be intrepted to mean IM Stinky. LOL
If we knew why Peanutbutter and Chocolate went so well together we could make peanutbutter cups. LOL You people think too much, EGMI is far more simpler than all the questions about POKEN. They make money, are undervalued, going to NASDAQ, no debt and huge growth over next five years.
If you were asked to design a terrific OB stock, this would be your dream team ticket of fundamentals.
from $4 to $12 to less than a quarter Hmmmm, you know this issue first hand----hopefully only from a statistical and not ownership in the end (figuratively) prospective
$500K for starters ---big deal, when you are generating cash as if you were printing it with 60-70% margins and have over 10 million in cash and no debt.
If he was not investing this somewhere you would be bitching that the money is languishing. Always something to B*tch about.
If you are giving these out for Trick or Treat, I will dress up as WHO DA MAN and expect a bag full
I disagree about giving them away, any idiot can come up with a marketing plan of FREE, Hell Obama got elected with that idea.
If you give something away, people perceive the value at just that NOTHING. This is viral and viral marketing and free exposure on talk/morning tv shows and using Kevin's golden rolodex are plans that cost little, are effective and do not zapp the companies profits.
Hmmm How would they plan to market this? Hmmmm, lets see Anna Houssels has lots of connections in Las Vegas, and Las Vegas hosts lots of conventions, Hmmmm, I am already starting to see at least ONE Possibility.
But then again, what happens in Vegas stays in Vegas. Hmmmm Perhaps not, perhaps the conventioneers bring home this new little gadget and ---Nawh, LOL
The opportunity with Poken is that its adaption is viral and in Europe with no marketing plan sold one million in six months. Poken is aiming at the business market per the video link, but the social application will surely come along for the ride.
The Poken Badge for conferences is a great way to start and with mimimal pricing I see opportunity not problems with this. Add to the mix, Kevin's background and a marketing plan, the only issue (Which I am sure is or has been addressed) is supply of the product. ---and even then the scarity of product will surely add to the allure and desire to be the first on the block to have one, even if you are the only one currrently --to have bragging rights you landed one.
AB you are thinking too much, the answer was pretty generic as you could tell the Poken guy did not want to reveal his financial margins in the interview, other than saying he made a profit. Nuff said, I am sure that Kevin when putting out EGMI funds got a much more detailed answer than the media type interviewer.
and even if it is little, hey a little bit of profit on millions of sales adds up. in fact in USA Market 10s of millions or more.
$2.18 looks like a fluke to me after looking at level 2 bid and ask, perhaps a posting of an order closed earlier in the day? would not count on that as start for tomorrow trading.
almost 87000 shares traded after the bell at 1.98 so nice accumulation by someone. This is changing into stronger hands over the last week--so whether we consolidate or advance this week, the float is getting tighter--making any news even more important.
For you POKEN FAN's Ian posted a new video that explains this piece of technology and use---nice find Ian
LINK from his twitter http://iancassel.com/2009/10/19/egmi-poken-video/