Electronic Game Card, Inc (fka EGMIQ)

[okvestor]

IFTC, I agree with your recovery thoughts. IF there is fraud, getting a court judgment is the easy part -- collecting it is uaually the challenge. In many cases like Enron, the loss in market value far exceeds the net worth of any individual or even groups of individuals involved. Unlike many such cases, I do believe with an EGMI market loss of $100 million +/- we have at least a couple of likely recovery sources that could exceed this amount, as you mentioned. May or not be enough to make a full recovery, but seems likely to be much more than just pennies on the dollar.

Also, while I know the historical revenues and profitability of EGMI are under investigation, I continue to believe there is some technology and on-going business value either as a stand-alone company or through an acquisition by others.

All things considered, I'm still in agreement that the long-term downside from $.17 is minimal compared to the upside potential.