Electronic Game Card, Inc (fka EGMIQ)

[SAMNOTSAMUEL]

I listened to the call.

I don't believe I said that $1.60 or so is what the price should currently be, just that it is not cheap.

As to why,

First, putting too much trust is often a mistake so I look at earnings in 2009 as very unknown.

China could be big or next to nothing. Education could be big or next to nothing.

I disagree that .20 EPS means complete failure. It means the 4th qtr revenues kicked in and the ONE deal performed adequately but less than spectacular. It also means thankfully that no current business caved in which is always a possibility.

As to what the company expects, I guess they expect long term $100 million revenue per year which I assume translates into a stock price at least north of $5.

Today was modestly positive. Actual quarterly results were unexciting, projections sound good but that is not all that different from yesterday's 2010 expectations.

What will be new is when harder numbers start getting kicked around.

sam