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Wild one this one is.....under my former Plausible Scenario.
Sorry typing fast as have to be somewhere.
KD puts out the latest announcement. What if he was trying to run this into the ground.
LC previoius talks about an out of control, follow no rules or proceedure Kevin ect......
So if Kevin is bad, no pay, no updates...ect...
And LC did stash everything away for safe keeping...........
on and on........
Not really sure about positives anymore, but if EGCI files, and EGCL has the business, what do we own? If UK does not allow USA to have any $$, then USA would have to file, but what about UK?
Reading the latest.
EGMI UK claims the funds are there and in THEIR name.
EGMI USA claims because the wording going back to 2002, they support the 'fact' that the numbers can not be relied upon or the revenue claims by the parent EGMI USA are not what they are claimed to be due to the fact that much of those revenues would be under the company run in the UK. Apperently we have two companies.
Question I have is how can egmi UK get out of being liable to the current holders of egmi.pk? If they can't then which company has the deals or supposed deals in place?
Transfer complete.
Shareholders wiped out.
Thank you for your efforts.
The price movement is meaningless as a gauge of current value. It is a gauge of stress and breaking points with various holders, but very arbitrary.
There are enough speculators and retail holders with enough shares to affect very big spikes (down) with the movement of their holdings in this current grey market, uncontrolled, trading platform.
I am checking in daily, more or less to see about any type of news, updating of web page, or PR's. Although PR's seem to be a long ways off.
maybe you should think about posting on yahoo.
I am feeling less amazed about the time it is taking to make what seems to be very simplistic verifications of cash accounts.
If it were cut and dry, normal expectations would be the rule.
However, active attempts to divert and protect (hide) these accounts seem to be before us.
Charges of the brass here not following company proceedure for months now, not being afraid to obfuscate information, delay lawful reporting of material information, as well as unvarnished sniping publically shows that all the wheels have come off this cart at this time. Time will tell, but the hired 3rd parties may not be objective enough, although their pedigrees seem authentic.
With so many of us in exactly the same boat, it is clear to me this company is not, nor has never been a total fraud. Rather, somewhere along the way, it's own potentials seduced the leader(s) into playing fast and loose with matters. My guess is because they felt they couls due to the inertia of potentially great deals would be washing over the immediate shenannigans and clean up the little messes they were creating.
The reason we got halted is because the ego's involved here are that big. No doubt the SEC oversight was brought in by either a competitor or from the inside.
What I DO NOT KNOW yet is why...Power? What I have always felt is MONEY. Scientific Games allowed some nice $$ and a floor for this company but ultimately may have come at too big a cost, by keeping us from making inroads to the lottery market in the US. Scientific Games played their cards and fully showed their hand by attempting to beat EGMI and create a total work-around with those silly lotto cards you have to insert into their card-reader bullcrap thingamading. Question is, did this make US Lottery Markets a bit skeptical on electronic/card/lottery games?
Clearly EGMI's self contained cards are the better product compared to Scientific Games product, can we get these back into the hands of US Lottery personel?
EGMI's other avenues/markets Foriegn Lottery, that wand (interactive) technology, Promotions, Education. All the complaints and lawsuits dont claim ANY FRAUD with all these other claims. It is this business that is the value here, not the $$ on hand.
Any one of these deals flushed out is great than the current claimed $$ assets.
The source code for that web page in the link is.
html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en" lang="en">
<head>
Where did I see w3.org before? I KNOW I have seen w3 before. It may have been one of those shell companies. I believe it was another Lee Cole-related business Auto Data Network.
http://www.equitygroups.com/pinksheets/adnw/messages/42678.html
Then again W3 Group may be different than w3.org which may be a totally different platform.
I need Pontiac's help gotta go back to work.
I may have come close with my 'plausible scenario' with Kevin D. attempting to drive the PPS down in order to transfer ownership of this company out of the current hands at the time. I hope, in turn, this is an indication that egc, as seen by those allowed at the very top, see it as a vehicle going somewhere. I hope it was not all about the cash in the bank.
Fondly trying to remember my mindset to having owned a growth company with great deals in place, bad deals expiring, no debt and CASH in the bank. THAT is the company I owned.
WOW what a read!
You can not mince ANY words after reading this account. Kevin and his ilk are crooks and will soon be gone. Cole stashed the cash to protect the asset from the corporate raiders.
So do the actions by a crook compel liability payments by a victim company? Are we shareholders, victims ourselves, now subject to losing addition money to defend the fiduciary failing actions of crooks?
Question begs, why is Kevin D. running this company in the ground? It this a really a bad attempt at taking over the company? Without any build out in the US it more seems like attempting to destroy this thing from the inside.
The sentence below...
'Presumably these advisors are slaving away daily and looking out for EGMI shareholders, who are the true owners of the company. '
...is as it SHOULD be.
As I feel it is anymore is...""Yeah! We have our work to do, this company is hiring and paying the bills. Very busy time for us, they are lucky to have us looking them over. We are worth A LOT of $$$. We WILL earn A LOT!""
Extremely par for this course.
Pontiac, did you 'catch' your prey @ .18 or is your bait down at the very bottom?
That is 10 million MORE than I was led to believe...
Lee Cole, First London.
I hope the forensics can look into First London and Lee Cole. He was involved in another company I invested in Auto Data Network, and then it turned to Aftersoft. He/they sold a a business unit to First London for 4 million plus in stock in First London and SURPRISE, a short while later had to claim a value of ZERO for that position.
I agree with this line of reasoning. Cole lets frustration and emotion out through his resignation letter. Ann looks to be overlooked for the most part and attempted to not create waves for as long as possible.
Old guard was willing to get into bed with the LS people as I believe this company was groomed to zoom with the good Lord's affiliations. Alas, the loss cut this company in two, each side has their reasons, each side has some insight, both sides needed a competent third party though. We have one now...
These events put to rest my doubts on fraud thankfully, as there looks to be plenty meat on these bones.
Sorry it had to come to this for all of them and us involved. Good luck everyone.
Maybe we can take a concerted effort over, say, the next 8 to 10 trading days, to extol ONLY virtues of this stock, potentials, and positives. We can see if it has any bearing whatsoever on the price per share. Go over to the Yahoo boards (both of them now) and do the same there.
Good experiment??? Well if we do get innocents involved here, maybe we make them a TON of $$$$, or maybe we cost them, what?, according to some here.....only 17 CENTS.
Disclosure: Watching Paint Dry.
Bigger problems than sorting out a misplaced account is a given, IMHO. I find it troubling to reflect on the previous statement by the company that No Material Changes were to be expected, along with the company allowing their PR firm to feel that the resolution to this situation may have only been a coupla/few days away about two weeks ago.
Grampie,
Posters get banned from these boards for personally accosting other posters repetitively. I understand the concerns you and others share, frankly Pontiac opened my eyes to many 'dots' that has me so unsure about this company, yet, like Yale, I still hold for now to see what comes of all those irons in the fire.
I am really starting to mistrust companies that operate both in Europe and the US on these .OB and Pink boards. I have another holding, very very sad to say, Aftersoft Group, that came from yet another company, Auto Data Network. Lee Cole was there, they sold part of their business to London First for, guess what....shares of London First for around 4+ million bucks. Of course they wrote down that investment to Zero. Now they look to cover their tracks yet again by spending money they do not have to change their name to MAM Software. Sad. I have their old CEO telling me personally that he was going to make me whole for some very confusing wording in Press Releases to the tune of 17k shares as well as $17,000.00. Again, a personal promise directly to me!
Well back from vacation and well....didn't see it at .25 although it looks like it touched that number briefly on Monday?
Anyway, thanks grampie, yes been here a long time. Yours is the very first and only post I have read in the last 8 or 9 days.
Can I ask this board if I missed ANY type of developments? ANY NEWS? I am thinking NOT. Are we completely still dark on everything?
Thanks,
I can't spend too much time researching anything, need to worry about earning my living...
Oh, btw board,
Off for a week vacation. Gentlemen's bet we are over .25 in a weeks time? I take the over.
Grampie,
I'm with you there. I have all my shares. I am a lousy trader. Tried to be an investor, but have failed pretty miserably mostly.
Here I sit, back to where I started with this company. At one time, my shrewdest investment and highest return, now back to the beginning. Have to wait until things settle down and see what's going on.
I am glad Anderson is present.
Biggest worry for me going forward is to have my interest watered down. PERIOD.
I do think mismanagement, is in the history of this company. I think there was too much loose oversight that allowed questionable 'investments'. Maybe all money has not been accounted for and various choices speak for themselves.
I don't think at theses levels you can claim out and out fraud, who would have benefited greatly. Not like their is a list of insider sales that look like anything truly scary. Granted, we can't seem to put our fingers on several millions including cash and investments, but that does not take away patents nor cancel the deals in place that could be acted upon.
So now that professional oversight/management has been hired, another chapter starts.
Sorry to hear about the Sovereign angle being strictly promotions and not gambling. Of course the salesman for those things is going to tell anybody they are the greatest little machine you have ever seen. Still, promotions could be good overall.
I, too, agree with this point completely. DO NOT FOCUS ON PPS right now.
Yes, have to concur about guys like us getting screwed.
My nagging rant is that too many of us 'guys like us' were holding too many shares, and this being a way of getting ownership into different hands. i.e. screwing us.
Working Capital.
Working Capital.
My mind sticks on this word. Overhead for EGMI is minor. Look again, costs to run it like it is is minor.
Working Capital, to grow the internal sales teams? To manufacture and peddle the cards themselves instead of giving a huge portion to 3rd parties to market, manufacture, and distribute the cards? I always hoped EGMI would hold their cards close to the vest (so to speak) and become their own distribution hub themselves. Much more retained money that way. In order to do this, you need some more, intense Working Capital.
Those that are jumping now are the traders. Oh well.
I am a holder, have been a holder and cannot read these tea leaves to suggest all is going straight down, so I remain a holder.
Goodbye trader ilk. Good luck to you and to us.
Right, at least they are not just trying to evaporate. Maybe they can't anyway.
Good: It seems to speak to me that they are attempting to protect something of value. Maybe they were forced into this by institutional level holders of this stock to do things better.
Bad: Could mean that they really don't have access to the 12 million or any way of really monetizing the investments and will be paying for professional sevices with equity (water current shareholders down) or spend out what scratch they have. I can't imagine not watering us down if they plan on raising capital unless they need help in negotiation of better contracts (i.e. avoiding being placed on a shelf like Scientific Games did to us).
If those Billions of cards were printed and find their way into the market, with EGMI as a beneficiary, then maybe I will revise my numbers up a bit.
It would be nice to see these (us) tortured souls strike it rich.
If China begins, Thomas deploys, SCgames ends and any type of lottery in US even signs for a TEST run, we are over $2.00 to $3.50.
No no, I did not connect those dots, just merely mentioned that if you had the mind to, you can connect any kinds of dots.
Topsy Turvy is what you said? I agree that is what is taking place. I did mention the fact that this board has recently added many posters. Not saying you can bring into quesiton posts because they are new, but saying you can call into question newer posters knowing the play by play as this stock has unfolded for awhile.
Grain of salt means this is not factual however.
Heading on vacation next week. Thanks
Body,
I have gone online and played the EGMI gamecards, I get a bit bored with it, BUT I HAVE NO SKIN in the game and am not playing for anything. I am sure if I have a vest interest in the overall outcome, I would like it more.
Regarding the SC work around, I totally agree with you, if I was going to gamble and be fickle as to the next game I wanted to play, why would I want to 'lock' myself down and carry some silly card reader around to use when I want to buy more of these scratch tickets and then find my little electronic dohicky to plug it into.
The EGMI card is No Muss No Fuss and all self contained. Much better application IMHO.
As far as using the card for Promotions, EGMI works in Spades, the Card Reader could not be meant for this application.
I suppose we can start going by the poster's:: Alias Born on Date:: and see if those dots mean anything as to how much long term vested interest they may or may not share in this stock.
A lot of new posters here have come about in the very recent present. I usually look to see when exactly they have started to post here and take it with a grain of salt.
Good reasons cited in your post regarding the timeframes.
I will choose to accept other posters attempts here at contacting the contracted I/R department. Undestood that the I/R dept can only parrot what the are being told by EGMI.
Are the Zapulla's being played too? If the complexity of the books are going to take til the 31st, why then would they causually give the I/R mouthpieces the feeling it was a couple/three days away?
This sets right next to my other peeve about waiting, after the suspension, a couple HOURS before offering a slight line saying they expected no material changes.
I can't believe I am actually hoping for the managers to be F**k*ng with us by attempting to shake shares loose.
As I have opined, if these bucket of characters have been chasing the $$ for years in their efforts, maybe they feel entitled to not let us common investors hold so many millions of shares before they 'go live' and hugely increase the revenues?
Go dark, be vauge, drag your feet...a calculated risk before things explode? Is this really why I am still holding???
Somethingtoprove may be right....Date: Wednesday, March 17, 2010 5:18:47 PM
In reply to: howsmydrivingal who wrote msg# 12501 Post # of 12557
Wow I am convinced now for sure.
Everyone on this board has completely lost their mind!
FWIW,
I, too, think Pontiac may have connected a few smudges along with all those dots and the picture is still not clear one way or the other.
No need to rub it in here. This has been tough on all of us.
Re: Links Auto Data Network is, a real business. It morphed into AfterSoft. Most revenues are in the UK but they are attempting to penetrate the US market. Real clients, some revenues.
But with the auto industry and market in general, Aftersoft is soft and the expansion caused them to rely on some pricey credit.
Not sure if the company can make it, but not for the lack of trying.
Scientific Games is selling 'The next generation of the Electronic Game Cards to the Kansas Lottery.
It is called Push Play that is trademarked. I wonder if EGMI is getting anything from this deal or if it is a total bypass.
I bolded the s because it refers to a family of types of games rather than our EGMI gamecard.
http://www.kslottery.com/InstantGames/PushPlay.html
The Next Generation Of Electronic Game Cards is Here!
PushPlay game cards are instant lottery tickets that use a reusable electronic player with a LCD screen to display the games.
There are combination packs containing a PushPlay player and four $5 game cards that sell for $20 each. There are also refill game packs of either Yahtzee or Lucky 7's tickets that cost $5 each.
The game cards are activated by inserting the card into the player and then scratching off the activation key. The instructions are on the front of each card. The display will go blank after 15 seconds of inactivity, but pressing the play button again will bring you back to where you left off, as long as the card has not been removed. If you have removed the game card from the player, you can reinsert it and the card will play again from the beginning. The number of plays remaining on the card is displayed on the LCD screen after each play.
An instructional insert that includes play instructions, rules, claim information, etc... is included in the packaging of the PushPlay player with game cards combination packs.
During the play of the game cards, players accumulate "points" that are displayed on the LCD screen after each play. The player will have to reference the prize legend on the game card to see what monetary prize they may have won based on their total points.
The game cards have a 3-digit security code and prize amount under the latex in the "PRIZE" box on the front of the game cards. In the case of a malfunctioning display or player, the prizes will be awarded based on the ticket barcode, rather than the point total displayed.
Keep player. Tickets can be purchased at most retailers.
Thank you for your answer.
Losing,
I give you a lot of credit for many things you have said and done on this message board. You have held a sort of quiet confidence throughout all this and every time a gem has been uncovered by a great DD'er here, you make a subtle acknowledgment as if you have had this knowledge all along.
Are you employed with any entity that is making a market here? Are you employed with any of the companies associated with EGMI?
When did you first come into knowledge as well as ownership of EGMI shares?
Thanks.