I am feeling less amazed about the time it is taking to make what seems to be very simplistic verifications of cash accounts.
If it were cut and dry, normal expectations would be the rule.
However, active attempts to divert and protect (hide) these accounts seem to be before us.
Charges of the brass here not following company proceedure for months now, not being afraid to obfuscate information, delay lawful reporting of material information, as well as unvarnished sniping publically shows that all the wheels have come off this cart at this time. Time will tell, but the hired 3rd parties may not be objective enough, although their pedigrees seem authentic.
With so many of us in exactly the same boat, it is clear to me this company is not, nor has never been a total fraud. Rather, somewhere along the way, it's own potentials seduced the leader(s) into playing fast and loose with matters. My guess is because they felt they couls due to the inertia of potentially great deals would be washing over the immediate shenannigans and clean up the little messes they were creating.
The reason we got halted is because the ego's involved here are that big. No doubt the SEC oversight was brought in by either a competitor or from the inside.
What I DO NOT KNOW yet is why...Power? What I have always felt is MONEY. Scientific Games allowed some nice $$ and a floor for this company but ultimately may have come at too big a cost, by keeping us from making inroads to the lottery market in the US. Scientific Games played their cards and fully showed their hand by attempting to beat EGMI and create a total work-around with those silly lotto cards you have to insert into their card-reader bullcrap thingamading. Question is, did this make US Lottery Markets a bit skeptical on electronic/card/lottery games?
Clearly EGMI's self contained cards are the better product compared to Scientific Games product, can we get these back into the hands of US Lottery personel?
EGMI's other avenues/markets Foriegn Lottery, that wand (interactive) technology, Promotions, Education. All the complaints and lawsuits dont claim ANY FRAUD with all these other claims. It is this business that is the value here, not the $$ on hand.
Any one of these deals flushed out is great than the current claimed $$ assets.
