Electronic Game Card, Inc (fka EGMIQ)

[ambulance_blues]

Pequot did transfer.

A 13G was filed after the close. Looks like Pequot transferred nearly all their shares to the Manatuck Hill fund. That's around 8.2 million shares, or 13% of the company.

http://www.sec.gov/Archives/edgar/data/1083036/000119312509147433/dsc13g.htm

"Ownership as of July 10, 2009 is incorporated herein... consists of 3,980,582 shares of Common Stock, 999,967 shares of Common Stock underlying warrants and 3,282,148 shares of Common Stock issuable upon the conversion of shares of Series A preferred stock of the Issuer, in each case, held for the accounts of the Reporting Person’s clients."

This Manatuck Hill is not a new position. They were expected to take over the Scout Fund from Pequot.

"...The new firm will be called Manatuck Hill Partners and will continue to use the Scout name, said the investors, citing a letter from Broach sent out Thursday. The new firm will be based in Westport, Connecticut... Most Scout investors have agreed to stick with the fund and the entire portfolio will be transferred with the investment team. As a result, no portfolio positions are expected to be sold, the investors said."