Electronic Game Card, Inc (fka EGMIQ)

[riskanalyst]

My guess is the CEO issue is related to Steinberg. If he was going to invest in the company he wanted to make sure he had a formal say in the process. He was only made officially the COB, recently. According to statements, I think he started sniffing around at this company around Nov of last year. This probably delayed the CEO search since he was looking to make a significant investment. Since he has all the connections to get them into the Stanley gaming business, the company probably kowtowed a bit to his broad network of connections. The nosedive of share price, I'm hoping is due to hedge funds unwinding large amounts of shares. I'd suspect they get rid of the most illiquid positions first. that's why our EGMI baby was thrown out with the bath water. At least I hope that is the case.