Electronic Game Card, Inc (fka EGMIQ)

[pegasus1]

Seemed like only yesterday. All the hype and excitement around China Lot. I was curious if they've posted any updates on their website. Nope. All I found was this old press release.

http://www.chinalotsynergy.com/en/pdf/CLS&EGC.pdf

Obviously this relationship and potential is toast too. Or we would've heard something by now. No one wants to partner with a company riddled with potential fraud, almost bankrupt, and being sued or about to be sued by 100's of disgruntled parties.

Oh let the fun begin. Can't wait for my mailbox to be flooded with the inevitable notices of class action lawsuits. If I'm lucky, I'll recover one penny for every $100 I had invested.

Yup, live and learn. Thank god I got most of my money out a couple weeks ago. That 80% loss is almost comforting after watching today's bloodbath.

Good luck everyone. Unfortunately I still own a few thousand shares of this dog.