Electronic Game Card, Inc (fka EGMIQ)

[wmthecommoner]

I agree Sam, and that alone should be very comforting and make us eagerly await the conference call. I do not want to see this trading without an SEC resolution and the CPAs reinstating an opinion (even with corrections).

The adjustments are likley to be minor, and remember this company had as of last statement had 18.3 Million in Current Assets. $16.2 million net of current liabilities That is at roughly 70MM shares is 23c a share. And that does not even include the Long Term Investments of $8 million. ( 35 cent with LT Assets) Remember NO Long Term Debt

Even with adjustments to cash and even with ignoring the Long Term investments, that WOULD put a floor in the value of this stock at 20 cent range- so this is why I am not ready to write this off to zero even if you have a large asset write down.

See for yourself with the LINK below.

http://finance.yahoo.com/q/bs?s=EGMI.OB

Take the last Net Book Value of 22 Million, write it down to 20 Million and unless this is not a going concern, which I believe it is a Going Concern, then you get 28 cents a share for book value discounted. SEE hard to believe that this goes to zero