Replies to post #9173 on Electronic Game Card, Inc (fka EGMIQ)

[Rawnoc]

This week was record dump volume yesterday + no CFO return "on or around the 10th" = me questioning the share count "this week"

I figured there was a plausible explanation about the share count that would be detailed in the 10K due in March. If there was a 4 million bidwhacking with big blocks selloff at higher levels and the CFO not returning on a fingered date then I would have questioned the share count at higher levels then too. I've always questioned the relentless selling that seems to take place daily for months, but I figured it was just converts, hedge funds blowing up, consultants getting fired and telling others to sell, etc..... but with the jump in the share count, the CFO not returning, the old CFO doing something "silly" that some people know about but we don't know the details, then I start questioning the share situation because as I posted before it seems like one seller who will just come and dump a massive chunk at once when he feels like it (which is why I lectured against the charts -- you cannot chart the actions of a single individual). I kept thinking the churning was healthy and there's only so much convertibles out there left (as detailed in the filings) but further examination shows a much large jump in the outstanding shares then there ever were convertibles or warrants or options.

I challenge you or anybody else to take a look at the filings. All of the preferreds, warrants, and options are detailed and listed in the 2008 annual report. Add up the shares and notice the total is many millions less than it is now without any filings explaining it. Just a giant jump in the share count. I think these shares that came from whereever are finding their way into the market and that's been causing the pressure far more so than investors actually selling, and I fear the real share count is going to jump really huge again in the future and perhaps this is the problem with the CFOs and the filings.