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I have a question Mike...
which stock is the next ZYXI? :)
ZYXI - about to break through $6!
$6?
got it. All I have is 2500 shares long :(
Just read through the 10Q... dont want to be a pessimist here but I find it a bit disturbing that a 150Million company with 6 cent EPS this past quarter only manages to make a couple hundred thousand in cash.
At the end of the day - it all comes down to cash being generated and accumulated or distributed. Seems like an extremely high cash-flow multiple right now.
turning point for EGMI today? chart looks nice.
thanks! and how long after acceptance does it take to actually begin trading on the AMEX?
new high!
ZYXI new all -time high!
almost picked some up at $4.40 - put in the limit as it started going up - missed it!
still long 2500 shares though. sold 75% of my position so holding this one till it becomes a big cap pharma company :)
ZYXI is incorrigible!
speak of the devil! wow!
APWR - what do you think about it here?
CHME - someone is selling a ton at $2.47 - anyone know how many shares are up for sale? Level II on ameritrade doesnt seem to be useful for OTC stocks.
CHME - wow that sounds hot. you caught me just in time - I think I'll keep it... was able to cancel my sell order at $2.47 before it went through.
CHME - got in this morning. Dont know much about this company yet - can someone fill me in on what they think fair value is?
CNRD - tried getting in this morning kep putting in limit orders at the ASK - and it kept running away from me :(
Great timing to sell. Today was definitely a short-term high. If I was holding ZYXI in my ROTH - I would have sold in order to buy back lower.
But alas - I dont want to pay short-term gains tax on this so I'm letting my remaining 25% play out for a while. Im guessing we will see a new high once it gets listed on the AMEX.
In the meantime Im expecting a sharp correction. I'll buy back at $3! :)
Problem here guys is no one likes inconsistent earnings. Looks like current owners are giving AYSI a 1-quarter pass here but Im hesitant to get back in (I sold all my shares at $2.40 and $1.75 after getting in at $0.70) because if they have 2 consecutive bad quarters - you can kiss this stock goodbye. Goes below $1.00
Its tough to have full faith that in a world economy that is slowing - that there wont be a slow-down in demand for steel. I like AYSI but I think its risky at these levels.
comments?
with ALIF? or ZYXI? I have 25% of my holdings left in ZYXI - tempted to sell. that stock is insane.
if you look carefully this all started at 11am yesterday. Whoever that buyer was got this rally going!
why is everyone here so excited about ALIF? I mean its cool - Im in this too - but EGMI just had great earnings - should be up 25% tomorrow and that board is dead. Is ALIF really that much more appealing? :)
must have been good news today. The stock jumped today. Must be some smart buyers coming in :)
earnings out. $1.00 tommorrow?
They gave quarterly guidance? I only read 10 cents '08 and 14 cents '09 which they continue to be in-line for.
Why isnt there more excitement on this stock? Seems like anything under $1.00 is insanely cheap.
yes well same in that it is still growing at the rate that will result in 10 cents this year and 14 cents next year :)
Rotated into EGMI and ALIF after selling AYSI this past quarter and this morning.
EGMI should be up at least 25% - earnings came out today. Check out the EGMI board.
essentially the same as the last report which was also good. Which is why I thought EGMI was dirt cheap in the 70s and why I picked up 25,000 shares. The only thing I can think of is people wanted to see 2 consecutive quarters to be assured its not a fluke.
Where there you have it! They got two.
Minimum value on this is $1.00 easy. Anything below is a steal. If it doesnt go to that tomorrow I am picking up more shares.
whats your take?
Looks good to me. I see a minimum price of $1.00 for this stock. I dont know why its so cheap. If it doesnt jump 25% tomorrow - I am buying more.
EGMI should be $1.00 - $4.00
10 cents in earnings this year. PE of 10 is $1.00 and with 40% growth for 2009 - a PEG of 1 makes this $4.00.
I see it staying in the $1.00 to $1.50 range for the next 3 months. Should see a 25% pop tomorrow.
EGMI earnings look great -
http://biz.yahoo.com/prnews/080807/clth085.html?.v=101
Electronic Game Card Inc. Reports Second Quarter 2008 Earnings
Thursday August 7, 4:01 pm ET
Company achieves 69 percent year-over-year second quarter revenue increase
Company generates operating margins stand of 57 percent and gross margins of 75 percent
NEW YORK and LONDON, Aug. 7 /PRNewswire-FirstCall/ -- Electronic Game Card, Inc. (OTC Bulletin Board: EGMI - News; "EGC"), today reported financial results for the second quarter ended June 30, 2008, marking the Company's sixth sequential quarter of profitable growth. Since year end 2007, Electronic Game Card was issued its first series of patents, received Gaming Laboratory International approval, announced its entry into two new markets, and nominated Lord Steinberg as its executive chairman as well as two additional Board members. A proxy was issued on July 24, 2008 to give notice of the company's annual meeting of stockholders to be held on Tuesday, September 2, 2008 in New York, N.Y. for the purposes of Board election and to ratify the selection of independent auditors.
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Electronic Game Card, Inc. reported second quarter 2008 revenues of $2.5 million, an increase of approximately 69 percent from the prior year second quarter level of $1.5 million and an 8 percent increase compared to revenues of $2.3 million in the first quarter of 2008.
The Company reported a comprehensive net income applicable to common stockholders of $1.34 million or $0.021 per diluted share for the second quarter of 2008 versus $668,000 or $0.011 per diluted share for the second quarter 2007 and a net income of $1.29 million or $0.021 per diluted share for the first quarter 2008. Second quarter 2008 operating income was $1.42 million compared to $754,000 in the comparable period of 2007 and $1.38 million achieved during the first quarter 2008.
For the three months ended June 30, 2008, Electronic Game Card's gross profit on revenue totaled $1.9 million yielding a gross margin of 75 percent, representing the sixth consecutive quarter of gross margin in excess of company's target level of approximately 70 percent.
Operating expenses during the second quarter 2008 totaled $452,000, an increase of approximately $116,000 percent over the second quarter 2007, which was attributed to an increase in consulting expenses of $64,000 due to development work on new products and an increase in sales, general and administrative expenses of $57,000 as the company continued its shift towards outsourcing. Operating expenses increased by $84,000 from the prior first quarter 2008 predominately as a result of an increase in sales and marketing expenses as the company expands its existing reach and launches new markets.
Interest expense incurred during the quarter was reduced by approximately $20,000 over the previous second quarter to $147,000. This compares with interest expense of $148,000 in the first quarter of 2008. Interest income totaled $62,000.
For the six months ended June 30, 2008, Electronic Game Card revenues increased to $4.8 million, a 94 percent increase compared to the comparable period in 2007. Comprehensive Net income applicable to common shareholder significantly improved for the current year six month period to $2.6 million or $0.041 per diluted share, compared to $883,000 or $0.015 per diluted share for the comparable period in 2007.
Cash and equivalents on June 30, 2008 were $6.9 million, an increase of approximately $2.2 million from year end December 31, 2007 and an increase of $1.2 million from the period ending March 31, 2008. Accounts receivable remained approximately flat with the prior first quarter 2008 at $2.6 million. Total liabilities increased by $100,000 over the three month period to $2.0 million, excluding the 6 percent convertible redeemable preferred debt, which stands at $6.5 million since year end 2007.
As of June 30, 2008, Electronic Game Card had approximately 51.4 million shares of common stock outstanding. The Company's weighted average number of common shares fully diluted totaled 64.9 million (inclusive of the all options, warrants and the common stock underlying the convertible redeemable preferred debt). The aggregate proceeds if all options and warrants were to be exercised would total in excess of $2.4 million. As of June 30, 2008 the Company had net operating tax loss carry forwards in excess of $24.7 million that may be used to offset future taxable income through 2023. As of December 31, 2007, Electronic Game Card achieved positive stockholders equity for the first time in the Company's history. On June 30, 2008, the Company's stockholder's equity totaled $5.9 million, an increase of $2.0 million from March 30, 2008.
"During this second quarter Electronic Game Card strengthened its financial liquidity position as current assets exceeded current liabilities and debt for the first time. As of 31st December 2007 year end the company had current assets of $7.4 million against current liabilities of $1.4 million and redeemable convertible notes of $7.5 million, whilst at June 30th the company has current assets of $9.7 million against current liabilities of $2.0 million and redeemable convertible notes of $6.5 million," commented a company spokesperson.
"Over the past two years, the current management effort has right-sized the company and implemented a profitable business model with a large and growing addressable market. Our goal for 2008 continues to be to penetrate new and existing markets, continue to grow our patented IP and build successful distribution partnerships. We maintain our high degree of confidence in our $0.10 fully diluted earnings per share guidance for 2008 and have already begun to build a strong and growing pipeline to accomplish our $0.14 guidance for 2009. We intend to leave a strong foundation in place so that the next administration led, with shareholder approval, by Lord Steinberg can take our Company to the next level."
Wow you guys are really unbelievable. Good luck I hope it works out for you.
I sold most of my shares in the past 2 weeks and finished off the last 15% at $1.75 at the open this morning. Im surprised its not $1.30
Looks like just a few of you here on this board are keeping the price up. Intriguing.
ALIF news out. Up 13%. I think this is the start of a new run.
Amex not Nasdaq
I kept around 30% of my shares. Wish I only sold half.
I almost bought more the other day at $2.80! :(
guess I gotta just enjoy the shares I have.
I cant find the market cap of this company on yahoo finance. Seems shady. How can we calculate fair value?
still here :)
Well I'll tell you why I felt confident about ZYXI.
I am the CEO and majority owner of a small online dating service. One thing I learned is that the subscription model rocks! I kept seeing on here that ZYXI's business is based on a repeat order subscription model. I dont know much about their product but when I hear that - I know its a good business model. It also helps that I have a pharmacy degree so I have a strong safety feeling with medical stocks - especially with an aging population and democratic health care policies growing.
I'll give EGMI a call this week and if I can - I will try to arrange a visit. I have 20,000 shares but would like to double or triple that position if all looks good at corporate. I'll let you guys know if I learn anything.
Spoke to ARTW - splits after close. So we'll see it tomorrow!
damn that sucks. Maybe Ill call them today.