Howsmydrivingal: You are connecting another dot that doesn't exist. I am new to IHub, as before this little debacle I had never heard about it until that Pontiac guy posted something about this board on the Yahoo board. I've been a shareholder in EGMI for over a year and been buying since about $0.40/share.
Not that that is relevant on an anonymous board, but there you are. I am pretty sure I own more stock in this little company than most here and I have not sold any and in fact have added 30K since the debacle.
My advice to those posting and lurking here is to just chill. No use selling now as most of your value has been lost and this stock is not going to zero.
Just think for a moment. Have the large shareholders who have a line on the REAL situation, not the stupid speculation and dot connecting going on here and elsewhere, sold? Obviously they have not or EGMI would be trading for fractions of a cent per share. People are indeed being shook out but not the multi million share holders who KNOW the scoop.
Most of the speculation posted here is, IMHO, just BS and not connected to reality. Remember how certain many were on this board a week ago that Bally's was going to announce a buyout on3.15.10? Remember how all the "dots" just showed this was true??? All rank speculation and dot connecting.
When there is a vacuum something always rushes in to fill it and in this case it is rumors without any real foundation.
Lord Steinberg was not a crook or a fool and he bought huge amounts of this company in the last 6 months. You can take it to the bank that he wasn't swindled.
There will be news when there is news so go on vacation, or something but give it time to play out.
If I was a lawyer advising EGMI management I'd tell them to do just what they are, say NOTHING and get the statements redone.
