Electronic Game Card, Inc (fka EGMIQ)

[okvestor]

I really hope we get to see the completion of the forensic review. Coming from a public company audit background, I continue to be amazed that the CPAs appear to have not only allowed misstatement of the cash balances for three years -- but may also have allowed misstatement of the value of investments and other assets, revenues, net income, shares, and all of the related explanatory notes.

Gross negligence in auditing? Conspiracy? Well-concealed and extensive fraud by management? One or two in management or collusion among many? I've never encountered a securities situation with such a mixture of fact and apparent fiction, with little basis for determining which is which.

A true case study in the making...