Electronic Game Card, Inc (fka EGMIQ)

[jim45]

I really appreciate your review of how things happened to your investment over the last few months. I bought in at 1.50 and since almost 80% is gone anyway, I have decided to hold onto it for awhile. Fortunately, I had a much smaller position than you so the pain was not so bad. I posted a couple of weeks ago that it was feeling like my investment in SPNG last year--a company with a long record of SEC reports, audited results, highly visible name in sports venues, etc. Then the auditors were changed, quarterly reports and news updates stopped, trading stopped and the bottom fell out. Months later, still no news so it was a sham. I got soundly criticized on this board for making the comparison but, sadly, it is looking more and more like a similar scenario is taking place.

I guess we never stop learning. I'm sorry I had to learn this lesson twice!