Electronic Game Card, Inc (fka EGMIQ)

[riskanalyst]

The game card was annointed lottery product of the year. It was not a half-baked idea. SGMS stole the idea, blocked EGMI from selling it. The company got some traction w/ some other marketing deals. Steinberg came on and liked the idea. He bought heavily into the company. After his death, probably some infighting. Either LC and/or KD & crew were getting greedy. They couldn't play nice and build something for us shareholders. If it was all just a ruse than, they really pulled a fast one on us. Either way, I've trimmed my holding significantly. A portion before the bad news and some after. Still riding some ultra low cost shares in the teens, but what a long strange trip it has been.