Electronic Game Card, Inc (fka EGMIQ)

[SAMNOTSAMUEL]

I for one think casino's math is flawed. I have not put in a very serious study of when exactly taxes kick in, but I think if you are going to use a forward pe of 20 it should be on 2010 as if it is fully taxed.

To say 20 cents earnings once again and then 20 pe sounds like an ignoring of taxes. Why after so many postings I don't get.

If one used 14 cents earnings in 2010 (as if fully taxed) and then a forward 20 = $2.80.

As for expectations, forward pe of 20 is not huge given past and future expected growth so $2.80 could be considered reasonable but the other side of the coin is otc is often low-priced (how about when EGMI was less than 30 cents recently).

The case for this being low-priced (other than otc) is the future likely revenue is hard to figure, the guessing of what product efforts will be big is hard to figure, etc..

sam