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Re: game7alcs post# 10618

Sunday, 02/21/2010 8:21:18 PM

Sunday, February 21, 2010 8:21:18 PM

Post# of 14386
Sovereign constitutes a portion of EGMI revenue. Any failure on their part would have a direct impact on game card's cash balance. Link:
http://seekingalpha.com/instablog/582827-mattberry/55326-does-sovereign-game-card-work-out-of-a-condo-apt-pre-foreclosure

I could not reconcile egmi reported revenue with the game card manufacturer or find another manufacture during the relevant time period. Link: http://seekingalpha.com/instablog/582827-mattberry/55255-difficulty-reconciling-egmi-revenue-with-outsourced-orders-electronic-game-card

"I just read things in more detail and I'm not sure Sovereign could have anything to do with it. Unless I'm missing something it all comes down to an account listed as an asset by EGC in the UK. What worries me is that they might not have this cash and that's wny they have never done a buyback especially at these levels."
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