Electronic Game Card, Inc (fka EGMIQ)

[wmthecommoner]

very good post reden, appreciate the time spent to compose and post your thoughts. I wholeheartedly agree with the post.

I have again looked at the 10-Q filed in Nov, 2009 and find it hard to believe that the asset valuations are off-at least as of the date of the Filing. L. Boyd (I think I remember that right) signed the statements and they were on a consulting basis looked at by the last CFO that resigned and went on contract because of the DO Insurance issue.

Not too many items really on the Balance Sheet I have read the footnotes/comments and they do indicate the investments are hard to value and management did not believe them to be impaired. I believe we have had a management power struggle over who will lead the company, Kevin or Lee.----during this struggle silence has prevailed leading the door open for this kind of disgruntled complaint to the SEC. Given the investing environment they have to take a protective/aggressive stance perhaps----I look forward to EGMI clearing up the issues. By now, the SEC has had to notify them of the items they are concerned about---as I take the statement by the SEC to be likely broader than the actual issue, ie particular assets as opposed to all assets. GLTA.