Value Microcaps Free-For-All

[riskanalyst]

egmi slowly moving upwards from its lows 2 months ago. still trading below 6x earning based on co's projections.

i'm awaiting the four catalysts they mentioned: hiring CEO, announcement of two new partnerships, possible reverse merger, and amex listing.

they have been moving nicely w/ no help from scientific games as a licensee. I think that is a broken relationship given the outstanding review of their product as "Lottery product of the Year" in 2005 and no new state lottery sales announcements since the few trials. that's why they ascribe only marginal license fee from sci games. two more years of exclusivity and than they can distribute in americas and italy with others. sci games is working on their own technology and is probably using the agreement to tie egmi up. sounds a bit dirty, but egmi was probably desperate.