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WELL that sure ends with that PR any management conflicts
So if management conflict brought us here, then perhaps the NOW lack of those conflicts will bring us back to prehalt PPS levels once direction canbe persued without having to worry about naysayers in the Company.
Will be interested in seeing the market reaction tomorrow.
Something to Prove, or should I say Something to Sell. How many shares are you trying to sell? Yesterday surely was your day compared to today.
A PR could change everything, so I would place your order and see if the mood changes
You know Pontiac, one of the EGMI Game Cards is called Treasure hunt, Hmmmm, maybe they could sell 100 million cards with one of them being the winner to the location of the 12.7
Would benefit all. LOL
That is what a Market Order is designed to do. I suggest you try that --should work.
If you could not sell your shares today, then you were not trying very hard ---but like you say, volume, it means nothing, just numbers on a screen...
Well your losses mean nothing either, just numbers in a ledger, so NO BIG Deal if you could not sell today. Just numbers on a screen after all.
4257892543356335
2000663656356
30000066999
12357895888888000
Just to give you a thrill, I put a few numbers on the post so you could see numbers on a screen. Makes you feel so good, doesn't it. LOL
Seems to me that smart money is frying up some 17c a pound odd lot bacon. Smells Good---which of you on this board are supplying the fat for the fire??
I am hanging in there for the charbroiled filet
all those wanting to get out, looks like others wanting to take your place. I am holding tight and keeping my own seat warm. Your choice, at least you now have enough volume that sticking around and bitching you can not sell, is an argument that no longer holds water.
Even a person that wants out, if they see firm price and high volume, they are likely to hold back the sell order for a little to see what's shaking. So this volume might tighten up the market a little as those burnt, hope for a pop before putting in the sell order. We all want JUST a few more pennies as they say.
Regarding EGMI like Tiger Woods, I agree, But the emotion on this board is like a woman in menopause, watch out for the mood swings and the hot flashes LOL
I am amazed no one noticed that
Ref EGMI yesterday, that the Stock showed amazing resilience by rebounding 475% from the days low and closing even at 19c despite the low volume.
Old accountant's saying figures lie and liars figure. So while the above statistic is true, it can be spun to say whatever one want it to.
Reminds me of the definition of Propaganda told thru a story. Russia Challenges the USA to a two man race. The Americans Won. Headlines in the papers the next day read
NY Times. American win race against Russians
USSR PRAVDA Results of Race--Russian's second, American's Next to Last.
Yes that is a change in the Investors section. Way over due but I am happy they finally have the website current for SEC and press releases, as it shows they are attending to regular housekeeping items.
I'll take progress incrementally small though that may be.
Jersey Guy, they subcontract the manufacturing to a company in China. Since this is your very first post on IHUB, I would implore you to go to a SEC 10-K from 2008 and the 10-Q from third quarter 2009 and carefully read the entire statements, including footnotes and disclosures. This might take a little time, but well worth the effort and the first place to start for your DD on any stock.
At this point in time, the main issue is the issuing of statements and a reinstatement of opinions on the statements that were withdrawn by the CPAs. Hopefully, slowly over the next 4-6 weeks, clarity will come and the future path of the company will become easier to understand/predict. Right now the PPS is set at a price that reflects pretty much all the bad news, so any news, neutral or positive will have a positive effect on the share price in my opinion.
My thoughts on this are pretty straight forward.
I have in my own mind & am confident that I know with about 90% accuracy the storyline and plot of the Ripley's Believe it or not events that got us here.
No one is wearing a white hat, but some hats are just Grey.
While this story is interesting, at this point is just speculative history and I am more interested in the future of the PPS share NOW that we are in the darkest hour of the mess.
Gurupup is far closer to the story that I am and I think his post is colored by the emotion of frustration/angst of trying to be a part of the solution.... In reality KD I believe wears the blackest of all the hats, and while people like to talk about lawyers and all, in the end solving the problem is far more important than having to bed up with a bunch of lawyers. Sort of like the bar talk of a guy getting divorced---as one lawyer friend says, It is all about the money in the end and not the principle.
I take the post as a positive sign. FOR ME, I still think Lee Cole is more likely to stay and be a part of the solution as he has the history of the company and has been the one who brought in the sales. For continuity sake alone he is needed in the transition.
G C Andersen will take their hit on us, hopefully providing value in the process, and I believe the money $12MM or so is there and that will fund with money left over the costs of this series of debacles.
I also believe based on hunches alone, that KD and LC are the two feuding parties over the company. And that KD was the likely party causing the auditors to pull the opinion. KD grandstanded and bit off more than he could chew and now does not know what to do other than to stand his ground until he gets a goodbye package.
Greed and Lawyers got us into this, it will take something other than Greed and Lawyers to get us out of this. I am counting on the Top Tier Stockholders to be the cure and for that reason alone I am glad Gurupup and others are applying the pressure.
AND JUSTHESOLFACTS, thanks for over the months in digging up and providing information on this. Good Friday to all, and I for one am glad the Market is closed today, hopefully even on low volume the SEC filing will have a postive impact on Monday on the PPS.
I have no intel other than trying to logically piece together what I read and hear (throwing out the two extremes of buyouts and conspiracy theories).
I am reminded that one must keep his ear to the railroad tracks, but remember to watch out for the train. LOL
Awaiting a breakthru in PRs like the rest of you.
One thing in our favor here is while this seemingly all happened because of feuding/weak management, the CORE of stockholders is small, ie, about 12 top owners represent about 60% of the company, so the ownership of EGMI is a cohesive small group.
I surely am not among the 12, perhaps 2nd or third tier at best. I know from speaking with some of the larger owners, that as a group they are working with EGMI/GCA to get this back on track. HEY they have alot of skin in the game---so I look to seeing over the near term the results of the pushing by major stockholders to get these issues resolved.
My guess is to be in that club you need at least 2 million or more shares. I am rooting for the home team, you should as well.
In order for you to invest in EGMI at this point you either have to be trading small quanitities of stock hoping to make money on trades or have to believe for what ever reason
A. The Money is there
B. The PR that the audit will not change materially the Net Asset value of the company and
C. The business model remains intact so EGMI is a going concern.
and of course that in a relatively short period of time the above will be known and made public via PRs and 8-K and other financial reportings.
You can debate this all day, but if you do not believe this and are not micro day trading, SELL and move on.
She is out of the loop now that GCA is involved. So best to write your email to Kevin as he is the last guy to sign a PR.
I can give you his response as it is likely to be we are working on it and will tell you as soon as possible.
Just a suggestion for you, I would not put in an ALL OR NONE (AON) Order and if you put in stairstepped orders from 16 on down to your 12 cents, you are likely to get more money (even after commissions) and I would assume getting out and getting MO Money might be what you would prefer. A Large chuck at AON is like a sweaty 300 lb wallflower at a HS Prom waiting for an offer to dance. YOU Might be standing in line for a while.
Or just for the hell of it go for a market order. ONCE and done.
Just a suggestion. GLTA
What are you putting on your order ALL OR NONE??? Not the way to sell in this grey sheet arena What quantity?---Losing is looking someone to spank.
Hey game7alcs, the volume and pricing is firmed up so you can now get your 20c. Time to step up to the plate.
Call me crazy, call me nuts (hey Grampie does), but today's action even on low volume tells me that with a PR and any clarity to the postive, can have a significant impact on PPS, so patience is key and being firm in your conviction a must.
between bingo and raffle tickets, Father Rabidall (SP?) did more gambling at St Christina's than EGMI ever did. LOL
Lookin for announcements this week is my best guess.
And we still need up PPS on a million share day.
It is holy week and pass over and I have been doing alot of praying. Hey Pontiac, go over to 111th Street & S Homan Ave and light a candle or two for us.
Smells to me like a PR is in the air. Can you heard the keyboard clicking in NYC???? Been averaging down, so might have caught the falling knife.
That said, one up day does not make a trend.
Do not know who got spanked, but I did get a fill of 40,000 shares at 17c.
why should I give you a 15% premium, YOU Need to be spanked LOL
I have an order in for 40K shares at 17c so sell me your shares
I am a buyer at this level, anyone wanting to sell, put in your orders
The proof on Monday will be how many of you posting all these negative theories, will have the fortitude to put in a sell order at Market.
Lots of buyers on Friday, but no sellers, so don't be a wallflower, stepup to a market order.
May I have this next dance? Hmmmm
anybody shorting this stock at these levels is taking a big risk
This stock is sold out for those wanting to sell is my opinion. Volume even yesterday in the 350K range, remember only represents about $70K in value, so little real economic activity and will likely remain that way until GC Andersen with EGMI start making announcements, any announcements. Meantime you are right Rod Steiger and the Twilight Zone.
Soon they will have to make some announcements first being AH whose name is off the website as Director, whenever official (or accepted by BOD) and approved by a board meeting will have an 8-K to follow.
Like I said those still in the stock at this pps are past capitulation and at resignation. Look for volume to get into the millions of shares when announcement come and the sooner the better. Meantime we are at 500 shares---Oh OH that is $95 worth of stock trading hands. Longs are Longs, Traders are out and anyone that wanted OUT already is.
Your points are well taken and I hate to admit, but the Market place PPS confirms because paranoia is priced in with a market cap of less than the Cash balances.
So despite my faith and confidence that the cash is there and the business model intact, the Market Place is priced to say OH Yeah, show me.
On the other side, G C Andersen, logic says they would not be involved if this were fraud, or at least you would think so. Conflicting points of view awaiting clarity. And clarity, whether that comes in Certified Financials, Conference Calls, Proxies, Annual Meetings, Press Releases, whatever, hopefully all of the above is anxiously awaited by all.
At least we know that management has sought outside help, and as is often said, the first step to solving a problem, is admitting you have one in the first place.
You know if you just look at the statistic page on yahoo for EGMI, well it is just sad, go over the statistics when you get a chance on the link and it just does not make sense. I am waiting for G C Andersen and EGMI to have a CC. HOW About YOU?
Earnings 3/29/10 according to Yahoo, but surely that is an automated moving target
LINK
http://finance.yahoo.com/q/ks?s=EGMI.PK
Well it did not go to some odd lotter LOL Maybe it was a latent triggered trade left in the LS Account. --and he is trying to tell us something from beyond. I am listening
Was like that yesterday, who knows, bankers hours, lack of interest, DUNNO, anybody else got a theory.
I have always like your posts as they do try to think thru the facts someone presents and then determine if it makes sense.
DO You remember the game of CLUE, The butler did it in the dining room with the candlestick. LOL
I think EGMI is like CLUE, in the sense ALL the facts are in the little bag and as you go from post to post or room to room, you ask questions. HOWEVER, at the start of the game, you are told you can not trust what you have been told, IT COULD BE ANYBODY---the akin to our SEC HALT with the reliance on the historical statements being taken away. Of course add to that the soap opera quality of a management struggle, A dead Lord of Parliament and a B Grade Movie soft porn star on the board of directors.
You get the drift Jaques. The movie/book rights to this is when actually told are at this point worth more than the Market Cap of the company.
And just as the clues suggest one thing, a twist in the plot develops. SO until G C Andersen starts to pull the little tokens out of the bag YOU will not have a clue because I DO NOT THINK the Butler DID IT. The only thing that is likely that the butler did--is the B Movie actress, which totally pissed off the Lord.
fear in context is fine, all I hope for is a detailed reason, AB always gave reason behind the fear.
Well the people at G C Andersen are the equivalent of financial doctors. EGMI is there because it is sick and we all checked out the website to insure we have a good doctor. Like going to the doctor for any sickness (in this case, weak management and questionable financials) you know the cost is going to be high and when you attach the word BOUTIQUE to anything, doctors, banks, whatever, you know the price is not like going to the free clinic for sure.
So you have to look at what I call the set point value of the company--not sick. That might be $1.50 to $2.00 or you can choose for you $1.25 to whatever. YOUR CHOICE.
Now how much are the docs going to dilute our bank account. 10%, 15% you choose. AND does the operation get us back to full health and in what timeframe.
Anyway I analyze it, I think this stock as a going concern has to be at least a dollar. Hell, if you just give up and sell it for the organ value, I mean asset value LOL, you should realize, if fraud has not been involved (Malpractice) at least fifty-cent as you have cash, investments, contracts, patents etc.
So as I analyze it, the doubt factor has resulted in a market that is so nervous that we are beaten down to 20 cents THAT is irrational despair. Take any metric. Say 2009 EPS is 14 c , hell make it 12 c, then you are priced at a PE of less than 2 PE. All this says to me, is take your dry power buy the stock while the doubt is in the air. Everyone gets to make their own decision and you have to live with the results.
When you post, JUST hope this guy does not get the EGMI Account, that is raising a fear---therefore raising a doubt.
Interesting that when that is pointed out you say, I am a buyer, terrific, you should have disclosed that and said, It is a fear/doubt that this guy might get the account, but despite this, for reasons X, Y, or Z, I am still a buyer at this PPS.
I stand by my post, and even if your basis is 40 some cents, does not make any difference. We are now 20c and the evaluation of the stock at this level has nothing to do with your basis or mine.
Then we are on the same page, and do us all a favor and stop trading in doubt, unless you are doing so to increase your opportunity to buy. JUST be honest
You are trading in what I refer to as Irrational Despair, Fear, Doubt and Worry.
Please continue-- as the PPS at these levels reflects this, making for stalwart holders, a terrific opportunity to acquire more shares.
Your despair and doubt is my joy and opportunity