Electronic Game Card, Inc (fka EGMIQ)

[pegasus1]

Agree. Too many coincidences, too many related parties. One common thread.

I should check EGMI's past financials again. I wonder about the timing of LS's investment in EGMI. It's possible there was $12 million in cash as his investment was around $10M if I recall correctly.

Maybe the cash is there. I'm doubtful as it seems odd they had to bring in help to raise working capital. Working capital is current assets minus current liabilities. If they had the cash, there would be no issue with working capital.

That was the dumbest PR they could've put out, in my opinion. Especially following on the heels of the 'no material misstatements' BS. I find it interesting that KD supposedly couldn't be found to issue that PR. Perhaps he didn't want to be found or he had a very smart attorney advising him not to say anything. Let Boyne fry if it's not true.