That is a majorly important observation as long as others is not a disgruntled former employee/consultant. Interesting how all of us on this board probably read that same release a number of times, yet you are the first to zero in on that phrase. You get the imaginary prize of the day.
If EGMI is to be acquired, I wonder why it is taking so long. This is a small company with no office space, small revenue, a convertible debt of just $2.8 mil, etc. Not much here to audit. Maybe there is more than one company looking to acquire EGMI: SciGames and Bally would both makes sense, as would the UK company someone else had proposed as a takeover candidate. Let’s hope so.
Some random ramblings that I am mulling…..
Considering all the different acquisition theories being floated on this board: Bally Technologies, one about some UK based poker sites (or something like that), and Pontiac’s posting 12432, and maybe some others I am forgetting. All of these seem plausible.
I see all those links that have been posted to game card sellers, the signed agreements with Bally, China Lot, Korean dude with lots of $$$….I can’t keep all of them straight in my head. Then you look at all of the names posters have uncovered, like Pontiac did in 12432 and previous posts of his. It seems like there are so many moving parts and intricacies.
Myself and others can’t fathom how EGMI mgmt and Yvonne could be such bumblers to miss so many company deadlines, go radio silent, etc.
The assets sound in tact. The business is likely legit as validated by the presence of LS. The recent expiration (or soon to be) of the SciGames contract (is that March 31?)
AI
