Electronic Game Card, Inc (fka EGMIQ)

[Cambino]

Amb,

I'd assume that the Trafelet Fund scenario doesnt play out again for a couple reasons:

- a lot more eyes are on this stock to snatch it up at bargain prices

- the markets are not in free-fall mode (at least they havent been for a while, although I fully expect this to change)

- the fund manager for Pequot is on the EG BOD. We kind of have to assume this go around that the company and he would get together and cross the shares.

I'd have preferred EG to be buying up common or Preferred's from weak hands and wasn't counting on Pequot turning out to be a weak hand, but at least they are in a position not to let too many shares thrash the open market.

Buy Gold,
Cam