Electronic Game Card, Inc (fka EGMIQ)

[okvestor]

I believe the stock moved up because (a) there is some active leadership (Kevin, etal) that seems to be taking steps to resolve the problems and move EGMI forward, (b) very credible parties have been added to the team (PricewaterhouseCoopers, GC Andersen, Shearman & Sterling), and (c) those who had fiduciary duty over the accounting for EGMI during the years in question are no longer in charge and are being replaced.

In my opinion, these steps will create a much stronger foundation under EGMI on which to build its future. Are there problems and questions still to be resolved, and is the operating history, balance sheet and value of EGMI still in question? Absolutely. But I personally take some comfort that those moving forward in the leadership team and those who are just joining see value in making this substantial investment to get things right.