Electronic Game Card, Inc (fka EGMIQ)

[CaesarStone]

EGMI dropped two bombshells this week with more to come.

Posted by:gurupup Date:Wednesday, October 14, 2009 8:44:34 PM
In reply to: Rawnoc who wrote msg# 6711
Post # of 6857

CHINA.......http://finance.yahoo.com/news/Electronic-Game-Card-Inc-prnews-2457877703.html?x=0&.v=1

When China takes a back seat to anything it is news. This is strictly my opinion about order of magnitude, but who cares??? The Chinese want us as their partner, they have mandated building their lottery internally, making it illegal for the $150 BILLION market to exist anymore, where is that going to go?

The regular lottery sold 9 BILLION scratch offs, before this mandate.

WHAT IF EGMI GOT 1% of 9 BILLION and each 4 million tickets equals $.01 per share?

What if they got 2%-3%?

What if 10% of the illegal market goes legit?

Next year in Shanghai there is going to be a World Expo with 70-100 million people and the government is going to be pushing the lottery. Are they like a good partner?

What if funds that invest in China pick this up, what happens if the hundreds of people at the conference pick it up? This is going to be a teenager by the end of next year.

Sales and earning will be growing by 200-300% and the P/E will be 30x-40x.