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I am hoping we can crawl back to .80 or so.
So I can get out with a minimal loss.
As i am happy to see the stock recover, I have totally lost faith and respect for management.
He is definitely wrong no reason now to sell at these levels until we get more news(negative). I think we see major buying coming in at the end of this.
Shake out the weak hands.
One big investor that i know of has confirmed that the bally deal is legit and is going to happen moving forward.
An accounting hiccup error here, nothing more.
People make mistakes no matter what your experience or your title.
I am by no way letting MM off the hook for this yet, but this is what we have to go on at that is how you have to trade it.
On what we no, not what we speculate. We have earnings coming up soon to.
With you on that Pokey I own to much of EGMI to justify bying anymore no matter what the price.
Looks like some guys got some cheap warrants today with no expiration date on them.
I really beleive the accounting is a mess because the auditor just sucks and they are working hard to get this resolved. The reason he withdrew his opinions for the last 3 years is he made mistakes and doesn't want to be responsible for them, so he is try to cover his own ass. You don't clear up 3 years of accounting in just 10 days.
They scheduled a CC before this shit happened why would they do that. This company has been reporting earnings for 3 years scheduling CC and they are not even publically trading.
I really believe there is actual errors on the audits, but it will be resolved.
Nice job losing you Made a nice trade, but you didn't by shares.
Good luck to us all and let's ride this baby higher.
Agreed. If the company was a fraud there would be no PR. The stock moves higher on monday once the selling pressure is gone. This will wash the shorts out 2.
I bluffed about selling my shares. One rule about trading I learned is always do the opposite of what the HERD is doing.
Who cares buddy you have an excuse to sell your shares at a higher price than what we thought.
It doesn't matter I will glady sell my shares @.50 or .60 a share then .05 or .10.
The one thing i Have learned is never ever ever trade on emotion.
only trade on facts and nothing more.
Watch while the buyers come in.
Loving it.
Source from EGMI beleives the financials are accurate.
WOW! WOW! WOW! did not sell a single share. Never trade on fear and emotion until reason to do so. Questions are not answered.
Feel bad for the ones who sold on panic.
Now WE wait.
With the low share float this thing is going to get crushed.
Agreed no point in selling yet. let them make a market for this stock based on what we know to be true.
Don't count on that. I am not getting a bid for EGMI yet on my TD Ameritrade account yet.
Probably rolling over in his grave right now.
Wondering how is inept BOD could flush this company down the toilet in just 4 months.
What a shame!
I feel bad for the big investors,they will have a hard time dumping big blocks of shares without crushing the price completely. Especially knowing their won't be a ton of buyers.
I shouldn't have trouble dumping my 26.5 K.
It says that Kevin Donovan and lee cole have no annual compensations. Interesting Lee Cole brings in all the revenue and doesn't get paid for it.
No record of stocks or options or salary. How did I miss this when i did my DD. .
I am pretty convinced their is fraud or at the least imbezzelment.
BOD has had 2 weeks to set the record straight and has failed to do so. Unless we here something postive in the coming hours.
It will surely be a blood bath tomorrow.
Pennies on the dollar for our shares. Still deciding what to do with my shares.
I don't beleive selling them at open is wise. I might wait for the bounce and then get out. Not Sure yet.
Wow That's ballsy Losing,
I want nothing to do with this stock, until we see a change in management, provided it's not all out fraud.
Another law firm promoting it's firm, no evidence of wrong doing yet.
If this stock does open tomorrow, going to have some brass balls to hold this turd.
I read the same post but, he doesn't elaborate on what the bad stuff is.
Good Post.
We will know just how much BOD cares about it's shareholders very soon. If they continue the halt than ther might be hope. If they allow this stock to open that will also tell us something.
So far looks like we will be trading tomorrow.
It's going to make for an ugly day
TLR Looking ready to break out here,crossing over the 50DMA.
Should see this stock move to the $2 range as we get closer to production.
Are You serious,
they are making this way more complicated then it has to be.
This a useless letter than. Just get to the facts nevermind the propaganda.
You are correct,
Feeling better Losing,
thanks for your help,and what oustanding board we have here.
Looks like just an update to current financial satus from yahoo.
Nothing more. The timing of it sucks.
One would think being released today that these numbers are accurate and legit, otherwise no reason to put this out.
So why is this being put out today, is there any logic explanation for this crap.
Especially knowing the assets are in question here.
What is the point for this release, it has no pr to go with it.
What kind of nonsense is this.
Looks like old news sorry guys.
Egmi just posted financials
Yahoo finance
Well I hope they don't leave us sweating like that.
Get the answers by tommorrow or put trading off for another week.
Well i can tell you, that when if this does get cleared up by the sec
I will be putting my vote in to clean house.
What buyout are you talking about
It will be life in prison for all involved if a scam.
There is no tolerance for this kind of behavior anymore. Not after the Bernie Maddof incident anyway. All the money in the world is not worth risking life in prison.
People and investors have had it. This will not be tolerated if true.
If this is a scam they are dumber than I thought. You just can't get away with this BS anymore, too many eyes looking out for it.