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Hi!
Bought in some time back, been sitting & quietly waiting.
Yes, was exciting this morning to see this stock finally start to have some life...too bad it didn't hold but still, great seeing all that early volume.
Can only speculate that the company walked in & bought some shares as part of the repurchase program.
Guess we'll find out soon enough.
Look forward to this taking off some day.
Agreed, fraud pure & simple.
I am outta here after today's news, at least we GOT news.
Knew it'd be bad but the comment about possible filing for BK protection sealed it for me, got out at $0.10 & feel blessed to have done so now that we're currently at $0.02.
What a shame...someone needs to go to prison for a long time for this.
I wish all of you luck & will miss some of you.
What a beating, learned yet another lesson doing this.
ALWAYS let the stock price guide your decisions to buy or sell, NOT comments posted on Boards like this even though some good info can be had.
I think it was the fever of Poken, Chinalot, etc. that kept me in this LONG after the price was telling me otherwise.
Take care all.
We're toast, I don't think there is a company anymore if there ever was one.
Just called (a few times) the number listed for EGMI (866) 924-2924.
All you get is a voice mail of an Asian sounding woman saying she's unavailable right now & to leave a message!!
She DOESN'T even answer the phone as EGMI, she says EXACTLY what I wrote.
I think we've all been had folks, not unless some of you know something else.
Does ANYONE here live near Irvine, Cal.????
Can you go to the address listed & see what the hell is there????
It occurred to me last night that the forensic review has apparently turned into a 'Cold Case" review!! :0)
Just baffling that it takes this long, that from a company that was seemingly sounds for a few years.
Still don't understand all this, why would a guy like L.S. end his apparently astute career in a sham company if this in fact turns out to be that....just doesn't make sense so I am still hopeful although I know I am probably delusional!
Equally as puzzling is EC siding with KD when he has A LOT of shares (still I suppose) that are worthless now under the KD debacle.
And why isn't L.S's Estate publically jumping up & down screaming about THEIR worthless shares????
There is NOTHING being touted that I can find about throwing the bums out......WHY????????
Any other stock would have had investors doing SOMETHING, yet NOTHING here, and it's individual investors that own most of this company!!!!!
This is surely the damndest thing I have seen so far in a publically traded company.
Not even a whisper of BUSINESS anymore let alone progress on the $$$!
And the website is still down.....did they all just pack up & go home??????
Has ANYONE with a large holding gone to find KD & EC & ask them DIRECTLY what the hell is going on????
ANYONE?????????????????????????
.....sigh...............!
WORKS FOR ME!!!!!!!! :0)
This is B.S.!!!!!!!!!!!!
We need answers..............NOW!!!!!!!!!
All you LARGE Shareholders..........what are YOU DOING????
If I had YOUR shares, I'd be in SOMEONE'S OFFICE 24/7!!!!!
Wow, that was one hell of a post, thanks!!!
Great stuff!!
I agree on all points, I believe there IS a business here, they seemed to have lost their way since LS died.
Guess we needed Daddy to keep the kids in line, amazing how people act, regardless of their age!!
It's clear to me LC wanted the reigns back & did what he could to make that happen, but in the end lost out.
It's also amazing to me that even with owning 1/2 million shares & the PPS where it is, that EC has sided with KD.
Seems EVERYONE was on KD's side EXCEPT LC, which I can understand.....NO ONE likes to be picked over, which LC was by LS.
I sure hope this all gets straightened out soon, very painful what has been going on, sure we ALL agree with that! :0)
I find it incredible that it takes THIS long to figure out the financail "health" of this company!!
One simple transaction, seemingly, i.e. the cash position, of all things, and after many weeks we STILL don't know where it went????
Wouldn't LC be held in some form of illegalize if he indeed moved / "hid" the account??????
Did the transaction go into the 'Raiders Of The Lost Ark' financial warehouse?????
Good Lord!!!
Always subjective to interpetation! ;0)
http://www.seclaw.com/docs/insidertrading033104.htm
FYI - As of end of 2008 year end filing, this WAS our BOD:
The Lord Steinberg Executive-Chairman of the Board, Kevin Donovan-Director and Chief Executive Officer, Anna Houssels-Director and Executive Vice President Sales, Lee Cole-Director, Linden Boyne-Director, Chief Financial Officer and Secretary, Eugene Christiansen-Director & Paul Farrell-Director.
All that remains is KD & EC.....I don't the status of PF.
As we all know, no shareholder meeting / vote or year end filing for 2009 has occurred yet.
Believe it, AH I am SURE got what she got (from LS) for reasons you don't want to know - KD knew it & forced her out.
LC was picked over by LS, who brought in AH & KD over him.
EC was voted in 9/2/08 at shareholder meeting & he obviously sides with KD....interesting that he did when he's been around LC long enough to have an opinion.
Interesting that AH is not on record of having sold ANY of her shares yet (over 1.5 million) as well as EC (.5 million).
Also interesting is I see NO current ownership record of stock for LC.
LS saw something he didn't like w/LC, am sure that never sat well.
Amazing that AH & EC didn't sell shares before the SEC halt if everything was "so bad" & the PPS higher.
Believe KD made the "raising capital" statement, the forensic statement, and the last PR, ALL in an effort to publically point a finger at LC for "hiding" the $$$$.
Is that even legal w/publically traded company???
There have been days I didn't like MY boss but..........!!!!!
LC got everything off his chest, why doesn't he just give it up?!?!?!?!?
The bizarre just keeps getting more bizarre.
Here's the thing.....LC apparently was satisfied with his "demotion" as long as LS was at the helm because it wasn't until a full year later when LS died that the shit hit the fan.
I have many random thoughts on all this, all pure speculation, of course.
Many head honchos have "their lady" in position (I work at a Fortune 500 Company & trust me, there's a few at our place). I think AH was LS's "lady" & hence why she was "brought" in.
It's significant to note she "acquired" 1.5 million shares after her arrival & another 29,137 in 4/09. To date there is no record of her SELLING any shares yet. At least no record that has been filed / updated yet that I can find.
What's REAL interesting is that I can find NO shares assocated with LC, at least in the past 2 years! Hmmmmmmmmm.....!
And KD ONLY has (that is publicly posted) 30,265 shares!!
WTF is up with THAT????
And NO ONE inside has bought ANY shares THIS YEAR.
At THESE prices why wouldn't you????? Bizarre!!!!!
Anyhow, LS saw something in KD to move the company forward. KD obviously didn't care for "the lady" & when Papa passed away the reason for her to stay in place died too, so KD gets rid of her, which may not have been a bad thing.
So I can only assume LC decides to make a power play to oust KD, now that dad is gone, but KD gets EC on his side & here we are.
To many, LC is coming across today as the Savior that's been trying to do the right thing, but here's my ?, how many shares does he own?????? Does anyone have that info??
And "our BOD"......just who all IS on "our BOD"?????
Is our ENTIRE BOARD LC (before resigning), EC & KD??????? I don't think so!!
And WHY have THEY not stepped into this mess????
As the insiders only own 38% of O.S's, why aren't the private heavy hitters living at the Corporate Offices demanding heads roll???
I ain't real sharp but a lot of what's gone on makes zero sense to me.
I was doing some digging & ran across this old press release. I copied the 1st (2) paragraphs from the release below. Please note LS's comments about LC. I think it's very significant (what LS said) when you think about where we are today in light of everything that's occurred since LS died.
December 16, 2008 - Electronic Game Card, Inc. (OTCBB: EGMI) (“EGC”), announced today that Kevin Donovan will join the Company as its Chief Executive Officer, effective February 1, 2009. Mr. Donovan has over 25 years experience in corporate branding and licensing with prominent entities such as the 2002 Winter Olympics, professional sports properties and entertainment media companies. In addition, Anna Houssels, a current non-executive member of the Company’s Board of Directors, will join the Company’s executive management team as Vice President of Sales.
“Kevin Donovan is joining our Company at a very interesting time. Lee Cole, who has acted as interim CEO over the past three years, has done a good job in turning this company around and successfully delivering to us a profitable business with a good cash balance and a huge market potential. We thank Lee for his effective guidance and look forward to his continued contribution as a member of the Board of Directors,” commented Lord Steinberg, Executive Chairman of Electronic Game Card, Inc. “As we enter this new exciting phase of our business model, we are focused on growing our revenues. Kevin Donovan is a well-respected creative visionary and has a keen sense for securing new business opportunities through his vast professional network of industry leaders. He is a major brand architect with the proven record of accomplishment.”
Nope! Just an ant's antenna is all it was!!
LOL!!!
Good Lord!!
Here's hoping SOME DAY this will all be just be a bad dream!
Oh wait, I forgot, there's a new 'Nightmare On Elm Street' that's coming out, my bad!
:0)
See that, basically NO REACTION to ANY of this!!!
Amazing!!
Fascinatimng turn of events these last 13 hours.
I guess my big ? is HOW did KD win out???
Did he have the backing of the big time shareholders i.e. L.S. Estate, etc.??
Interesting that LC lost out having been at the helm before KD arrived.
But as many have cited, LC's track record with other companies wasn't stellar so beats me, but SOMEONE sure sided w/KD!!!
And AH always seemed like L.S's "girl" so am guessing no loss there (?).
And of course the finance guy's outta go!! :0)
Things just get more & more bizarre here, BUT, I also view all this as a positive moving forward.
At least uncertainty is slowly being removed, a little at a time.
Now we need those financials cleaned up & maybe we can start yet another rise form the ashes!! GLTA!!
Something is brewing IMHO....we gonna either open at $0.05 or $0.40 on some news or event unknown to us right now is my guess! :0) If you don't have a seatbelt find a rope & strap in!!
Well SOMETHING must be up, I have never seen this not trade for this length of time. Expect there is some pending news forthcoming that hasn't been released yet (?). Brace yourselves for another possible round of excitement!
GWMAN - An excellent observation on your part, puts a different spin on everything.
I have no idea what to think here anymore, the company has become a bad car wreck & we're all in the back seat!
Like Sir William said, I wished I owned the movie rights.
This company has had more twist & turns than 'Lost' has!
I am just as confused to what the hell is going on here as I am watching that show.
All I DO know, is that ONE day, we'll all know SOMETHING.
WHAT that is & WHEN will that be this year's biggest mystery I suppose.
Hope Andersen does like Sir Wiliam suggests & gets this moving, regardless of whom or what is behind it.
Just amazing, all this!!!
Thought this was an undiscovered gem almost a year ago, am sick I have ridden this down, always watch the stock price & pay attention to nothing else....a lesson I can never seem to learn for myself. I guess I should not be an investor, tend to over-think things when the obvious (a sinking stock price) is staring you in the face every single day. :0(
Sir William, you are just the bomb in your consistent strength thru all this. Not sure if it's educated guesses or blind optimism....either way, you give me hope where none appears to exist.....guess I'll go down on the Titanic with you!
Hell, why don't YOU run the company?????
:0)
Maybe this is all just a bad dream we'll wake from one day!
Until that day..........!! :0)
Anyone know where Guru is??
Hope he has not hung himself yet.
Ok, that lasted all of 5 minutes (me not saying anything anymore).
So now I am totally confused so all you astute fellows here help a brotha' out (yeah, this long is still here, puking on the other side of Sir William's bowl!).
Re-reading the release, it sounds like EGMI is asking Andersen to give them over-all direction on WHAT to do with the company.....do you guys read it this way?????
Like, did Andersen NOW take over for L.S. because everyone that's left doesn't KNOW what to do with the company????
I'll take it there is a silver lining SOMEWHERE in this cloud...have not much choice anymore anyhow, what the hell.
So we went from "no material change" to this?!?!?!?!?
Jesus Christ, what a @@%$%^^ mess.
I am just speechless, I have nothing more to say here, I don't know WTF happened to this company but SOMEBODY is going to jail!
My last bit of optimisim is gone, obviously, may as well ride it into the ground, it's all about gone anyhow, guess I'll take the loss in my taxes when this year is over.
Sorry gang, total crap shoot now.
OK - Many thanks for your response to my timing question of yesterday. And also for this last post. You are indeed a very wise & intelligent person, SO good to have you here. Nice to have another voice of calm & reason to offset people like me who get a little verklempt once in awhile! :0)
Well we must be getting close to SOMETHING because I too have just about had it, and I've been patient to a fault.
I have to agree, WTF takes so long???
Beside Poken at Sundance what HAS management done this year, ANYTHING?????
I have never seen anything like this before, just baffles me to no end.
Was thinking we might get a Bally buy out last week but nope!
Really don't know what to think anymore, not like they're GE for God's sakes & have multi-national accounts oll over the globe, etc.
How freakin' hard is it Team??????
Get it together! How can they know 2 weeks ago no material difference when the auditor(s) weren't gonna be done (supposedly) until perhaps early this week?
Maybe that gave them all time to get outta Dodge alive! LOL!!
There, now I feel better! :0)
Who knew that mysterious $.50 from a couple days ago would be reailty today!!!!!!!!
With ya on ALL points!!!!
It feels SO good to FINALLY seem some decent GREEN!!!
Now $.48!!!! May have to drink today!!
:0)
Amazing what appears to MAYBE A.H. being gone is doing to the stock!
What happens if OTHERS go / financials remain bacially intact???
Today may be short lived but I'll take it!!
Kardon,
Glad you were amused by my early morning ramblings....once the brain starts it's hard to turn off, even if it's all dribble. :0)
Sorry for any confusion....my posting of this afternoon around lunch time was "my theory" about what I was thinking regarding the CFO situation.
I actually did not comment on "my theory" until that post.
It IS what I had rattling around in my head early this morning but I wanted to understand the timing of Shiffler's hire & being released first.
I thought if he left around the time the Bally deal was announced in December of last year, it would have carried more impact.
I guess it COULD still hold water, doesn't mean the CFO needed to be around, per say, if Bally was happy with the financials & now it was just a matter of getting all the documents prepared.
THIS STATEMENT, "Subsequent press releases state that he is still employed by EGMI under the 3-year agreement", however, is a game changer I would think. THIS I didn't know, must have missed it.
And now reading we bagged the Roth Conference.....so much for the back to back grouping & here we go.....I am not surprised but was hopeful just the same......sigh.....!
So I guess we go back to the S.O.S. for now & wait....REALLY thought we might be moments away from a bombshell announcement....wrong again!!
LOL!!!
I DO still think somebody with an agenda got all this moving against us.....I keep asking myself WHY NOW, like I said this morning.
Maybe one day we'll all find out!
OKVESTOR,
Great commnents & catches, makes for provacative thinking!
This statement, "Subsequent press releases state that he is still employed by EGMI under the 3-year agreement", blows a hole in MY theory that I was working on this morning!
Also the dates of his supposed "coming & going" don't quite work for it either, and thanks to the Board here for posting that info earlier this morning at my request.
The "extensive search" & insurance issue being the cause for leaving is also B.S.
I work at a Fortune 500 Company, same crap, diferent company.
Gotta post inside first before hiring outside, even though you KNOW the person you want is outside, and you WILL hire them, all about appearances!
Same thing with the departure....here EVERYONE knows Mr. Executive messed up, so when he gets $hit-canned, no pun intended, the "canned response" (LOL!!) is, "...is leaving the company to pursue other opportunities. We wish him well & thank him for his many years of service."
Yeah, whatever!!!
The being employed still comment above has me confused now.
Why would he be??????
Any chances the release is in error, or not updated?
Hell, everything else seems to be in ?, why not one more?
Here is MY off the wall theory I had dreamt up.
I must disclose I WAS dropped on my head at birth & DID smoke too much dope in the 70's!!!
MY THOUGHT was that Bally meets with EGMI to discuss deal proposed. After getting in & kicking the EGMI tires, Bally likes what it sees & decides to take it a step further.
Yeah, let's do the deal just to get things rolling ASAP but MEANWHILE, let's take a REAL GOOD LOOK at the whole picture, maybe we oughta just go ahead & take these guys over.
Small group, make a few people happy, own all the technology, signed deal really becomes mute, etc.
So they first want to see ALL the numbers. SO obviously THAT starts with CFO w/others over-seeing.
Bally likes what is sees, decides to make an offer (or DID make an offer), knows right away we don't need TWO CFO's, gives the guy a golden parachute & sends him packing, but tells him part of his "compensation" is contingent on keeping his mouth shut on the upcoming merger.
So he takes the cash & bails, but maybe gets a little pissy all the same as he JUST got in & NOW he's out. Maybe he felt he didn't get ENOUGH out of the package & now has $hitty after thoughts.
If I'm a vengeful person, how do I retain what I got, yet protect myself just the same AND "get back at these S.O.B's" for getting rid of me?????
I have learned the hard way not long ago thru an incident with my 16 year old son that ANYONE can make an accusation AGAINST YOU, even have "the system" serve you a summons to appear in court to defend yourself, uproot YOUR LIFE....have you waste all of YOUR TIME, have you running around to court dates that YOU have to deal with......and finally, at the end of it all, when the person making the accusation really just wanted to bust YOUR BALLS...they NO SHOW for "the day" in court & the case gets thrown out.....THAT'S IT!!! NO reprecussions for the accuser...NOTHING....NADA....ZILCH!!!!
So.......why not go crying to the SEC or the independant auditors?
Tell them you were the bean counter for EGMI & while combing thru the books recently you THINK you saw something "irregular"??????
Hey, if it's found to NOT be the case, Oh I'm sorry, my bad!!!
You KNOW they gotta go look into it now.
You KNOW what all is gonna happen.....the auditors will freak, then the SEC freaks, then the shareholders freak...and here we are.
Oh yeah, I know eventually it'll all come to pass & work itself out, but I'm vengeful.....look at what I JUST DID!!! Ha, ha, ha!!
Nothing will end up happening to ME, I made a boo boo....sorry!!!
Same system that worked my son & I.....why not???
Insane idea?????
Yeah, probably!!!!
Possible????
To quote Michael Corleone, "If history has taught us anything, NOTHING is impossible!!"
Raw, GWMAN, Sir William (or anyone else who might know).....I lost track of the whole CFO debacle & have to head out soon.
Do you remember WHEN the CFO came in & WHEN he "quit" due to the B.S. insurance reason cited?
It's the dates I am curious about, don't recall them exactly.
And yes, I AM working on the EGMI version of "The Pelican Brief"!!
:0)
So was the thought of the 1980 U.S. Hockey Team beating the Russians in the Olympics......but it happened!!!! :0)
LASTLY (sorry, am on a roll now.....LOL!!)....given the last 2 posts, I need to make a few more points, then I am done....thanks for allowing me to get all this off my chest, it's good therapy!!! LOL!!
Regarding the entire Management Team at the moment:
Yvonne.....what she KNOWS and what she can PUBLICALLY SAY are two COMPLETELY different things.....give the gal a break, she ain't gonna tell anyone crap that isn't approved first by SOMEONE!
When we SEE IT IN THE NEWS, THEN WE'LL KNOW!
As I said in my last post, L.S. took the helm officially 9/3/2008.....THIS IS HIS TEAM!!!!!
He put 10 MILLION SHARES in the faith of himself (of course) and HIS TEAM.
If you BELIEVE in L.S., then you have to BELIEVE in his team!
Was he the father of the company & his Team were his children.....beats me, maybe!
And with his passing there probably is, as Sir William has suggested (and others) that there may be an internal power struggle going on.
BUT, THIS TEAM all did NOT just go into the business world a year ago...regardless of your differences, you do NOT sit around fighting over who has the bigger d___ & watch your company implode......not if you're for real!!
There HAS to be a PERFECT explanation for all this....I CAN'T BELIEVE they are ALL this inept.....it doesn't make any sense!!!
Even when you're here wanting their heads on a silver platter, do you REALLY think THESE PEOPLE have come THIS FAR in their respective careers to become......BART SIMPSON???? DUH???????
Yeah, again, me neither!!!
I will FINALLY close with THIS......THIS time next week I think we will all know.......something!!
:0)
In regard to Management ineptness, stupidity, seemingly meaningless addresses, dummy company, fraud, etc.
If this all turns out to be fraud, then know this....L.S. was in on it & was NOT "duped"!!!
Do I BELIEVE THAT?
No, I do not.
But you HAVE to allow for the possibility of it, and I say that ONLY because Bernie Madoff walks on this planet, even if it's now in a limited space.
A highly successful, rich & acclaimed "business man" in his 70's when it all caught up with him.
Maybe Raw is right, maybe L.S. DID know it was going to catch up with him & that's what caused his heart attack.
More coincidence & irony in all this???
Most will say why wreck your whole career at the very end?
I SAY you're old now & time is on YOUR side, so if that's who you REALLY ARE, why not???
WHY do I say L.S. would have to have been in on it, was not duped????
L.S. bought 5% of the company's stock & "agreed" to be become C.O.B. on 6/6/2008.
He was "officially" voted into position by shareholders 9/3/2008.
People........L.S. was at the helm of this company FOR OVER A YEAR before he passed away.
DON'T TELL ME he didn't know where every last penny was!
DON'T TELL ME he left it to others to run & he just "trusted them".
DON'T TELL ME that by August 2009 when he owned 10 MILLION SHARES he didn't know what was going on!!!!!
Can you see Donald Trump doing that?????
Nah, me either!!!!
BUT.......again, do I REALLY think this is fraud???
No, I do not.
If it is.......well, only time will tell.
I will close with this....I find this most interesting.
While we come here, Yahoo & wherever else to bitch, moan & complain about our losses at the moment (and this MAY be public record & I just have not seen this anywhere).......isn't it amazing that the estate of L.S. (AGAIN.....10 MILLION SHARES!!!!) has not publically ripped, called for a lynch mob or shot the entire B.O.D.??????????????????
EITHER the estate of L.S. HAS BEEN THE ONES doing all the stock dumping the past several weeks before the halt (THEY would seemingly know SOMETHING) OR IF NOT.....they know something else.
I'm just saying........................!!!
:0)
OK....it's late, I can't sleep & haven't posted in awhile so what the hell?
I know we Americans love a good story, a good movie, a good conspiracy theory.
And sometimes coincidences are just that.
But people have gone to prison for having too many of them!!
And sometimes things are just ironic (don't you think?).
But people have written songs about that!
Do I REALLY believe that Bally is on the verge of buying EGMI?
No, I do not.
And why?
Quite simply, because I AM NOT THAT LUCKY!! :0)
HOWEVER (and I may be wrong on some of these points, too lazy to go back & do all the research):
The last DEAL we inked (I think) was.....BALLY (12/09)!!
And that was AFTER the passing of L.S.
Could the Bally deal negotiations have propelled them to take a closer look at EGMI?????
EVER SINCE THEN (other than introducing Poken at Sundance Film Festival) EGMI has gone dark!
Cancelled CC's / press releases / Shareholder Meeting / Departed CFO / financials in question / lawsuits (joke - VULTURES!) / Share price drop / Etc.
We USED to be presenting at this & that, had fair amount of news, press releases, etc.
So here's the question that's been haunting me that I have not seen a single person ask anywhere......WHY NOW????????????????
EGMI was clicking along in 2007, 2008, 2009, things are looking good everywhere you turn.
NOW the whole world has turned upside down in a few short months because.....................????????
Isn't it AMAZING that Yvonne told Wicked the financials may be signed off as soon as THIS FRIDAY!!!
I say that because ONE BUSINESS DAY LATER (Monday), EGMI & BALLY are scheduled to present at Roth Conference.....oh, and back to back no less in "prime time"!!!!
Coincidence?? Ironic????
As others here have stated, if an acquisition was going to occur you DON"T NEED (2) CFO's, you CAN'T TALK until it's official, you DON'T CARE where the stock price goes because a price was agreed upon, you DON'T BUY BACK your own shares at pennies to a dollar now because it's mute & you DO HAVE TO allow the purchasing company to see your books & have any questions they may have confirmed before they can seal the deal!!!!
If Bally's is NOT buying EGMI, then this has GOT TO BE the biggest set of coincidences I have ever seen in my life!!!!
My next post will focus on other "thoughts"..........!
:0)
The Law Firm of Stickum, Rapeum & Slabum announced today that they'll defend anyone that still an orifice left that hasn't been plugged by other parties thru all this!!! :0)
LOL!!!!! I agree! Now you HAVE to laugh at that one!! Without a sense of humor through all this, what else do you have??? :0)
Kardon,
I should not speak for another here on this board, but regardng Gurupup, you need to read Post 8767 (see top of this board, posted) to understand where he was to where we are.
Physically had dinner with the company prinicples & came away estatic....also is a major shareholder of unknown volume (to me).
Am sure today he feels angry, betrayed & disgusted GIVEN the fact he met all the principles....I am sure I would feel same too.
Perhaps his insight & first hand knowledge of the company leads him to dismiss the buyout theory....he's just not expressing himself that way. :0)
As I said earlier today, buyout theories are fun to talk about & speculate on, especially when the stock is halted & none of us know anything, but as with other stocks I've seen, the buyout never came, the truth was revealed & it was not pretty, and the rest becomes what it becomes.
If one DID come, this would be the FIRST!
Not that's there anything wrong with that (ha, ha)!
I simply expect numbers to finally be revealed, the earnings will turn out to be less...perhaps much less, than everyone thought the past few years.....SOMEONE'S head WILL roll, the stock will tank unless there's a good explanation WHY it happened & WHY it won't ever again, and then we'll go from there.
Until then..............speculate away...I guess! :0)
As well thought out & seemingly worth a lot of merit, that being EGMI being taken over by Bally's, I would be shocked if this actually occurred.
I have been around a couple other low price stocks over the past few years that also ran aground somewhat & the same kind of talk ensued on those too....and again, all with seemingly good merit & wisdom to support that.
But in each instance, that never occurred, and so given that, I don't imagine it will here either.
But believe me, as I said on those too, I would LOVE to be wrong!!!
:0)
Not really sure what in the world is going on here anymore, been patient but this is like a Hollywood horror movie with no end in sight.
Just one bad thing after another, a House of Cards as it were.
I am praying the final outcome will surprise / enlighten us all, and in a good way, and although I try to see the glass half full, history tells me this will not play out well, at least in the short term........so that leaves us to the long term, and given where we stand today, it would appear we don't have much choice being nothing more than long term.
Here's to better days! :0)
Guru!!!!!
Glad to see you didn't take a long walk off a short pier!!!!!
:0)
Sure this is a MOST trying day for you, of all people here, was worried you may have swallowed a hand grenade today, glad to see you're among the living!
Yeah, tip the shit outta him / her, just tell him to keep them coming even after you've long laid down if they want any kind of tip!!!!
Hang in there brother, maybe this will turn out to be not TOO terribly bad!
Hey, w/o hope what do you have???
Oh yeah, reality!
:0)
Oh goodie!!! Well there it is folks, at least you know what it is!! HOW bad remains to be seen! :0(
Well hell, may as well jump back into the mix here now that the shock of today's events have dissipated.
What a day, huh? Who woulda thunk it?
Some things now make some sense, perhaps (the company's silence) but some things make no sense what-so-ever (all.....THIS!).
We all have a million questions, of course, and only the coming weeks will tell the story, so all we have left is speculation.
So hey, let's speculate!! :0)
I have already embraced the horror & that is we go to zero & my investment here is toast...as painful as that will be (more so for some than others......gurupup, hope you're still with us!) I will live to see another day if that occurs.
But rather than focus on all the negative, let's look at this another way.
Do we REALLY think L.S., a senior & recognized business man, in the twilight of his career, who last loaded up with another 1 million shares at $1.25, got....DUPED???
Did he approve of Kevin Donovan to run his company, a man with a diverse background in other companies, who ALSO got...DUPED?
OR, did the duping himself????
For what...EGMI???????????
I mean REALLY...if you're gonna lie, cheat, imbezzle, etc., go for the gold man!!!
Be Tyco, or World Com, or Enron, or Madoff.....MILLIONS & MILLIONS of dollars to be had!!
But......EGMI???????????????
Does that make sense to any of you????????
A MICRO CAP STOCK is what's gonna be the end of me?????
Well it very well may end up that way but it sure doesn't make sense to me....not unless management is penny wise & dollar foolish, and I just don't see that.
And just like in other companies, cooking the books would mean collusion, so others would obviously be involved.
All this for this little company seems ridiculous to me.....but hey, I've been wrong MANY times before.
What MIGHT make more sense is that as Sir William has stated, there may be internal differences being worked out.
This may be what has caused delays, mis-steps, errors in judgement & execution.
As we have no official CFO (and I have no idea how this works / is viewed) but being a publically traded company, perhaps for the same reason Merriman down-graded the stock to neutral ("stuff" needs splaining), the SEC has concerns about what's being reported with no official finance guy driving the bus (?).
Hey, beats me! And only time will tell.
I am in the camp some kind of error was made that will be brought to light & need "adjusting", NOT that we have a bunch of crooks running the company!
THAT almost seems......silly!! :0)
Oh Goodie! Leave it to me to let profits slide away & now own a junk company. We are toast, this is horrible news & nothing good can come from it. Jesus Christ! :0(