Chance_To_See, it's good to hear from you. My problem with the PR is that it does everything but talk about the elephant in the room. Sure, the Sundance marketing venture is great. But what I don't like is how Donovan calls Poken "a new prodcut platform" for EGMI but fails to give ANY explicit details about our ownership in the "platform" aside from the 3.5% stake in Poken which we already knew about. It's just frustrating.
For example in the PR, Donovan says:
"...Through its *association* with Poken Holding AG ("POKEN"),
a privately held Swiss company"
He never goes into any detail about what the association actually is. Originally, it was supposed to be a JV in North America. Now it has been reduced to some sort of "association" with no further elaboration. This is classic Donovan-speak. For all we know, the JV fell through but Poken kept us on as contractual paid promoters with a 3.5% interest. After all, that's what EGMI does for business. It's a promotional company. Makes sense. I just wish Donovan would have the balls to tell us what's really going on with the company instead of using every technique to dodge the obvious questions.
What we need is a little less "red-carpet" talk and a little more JV/promotion detail. If the deal is done, then tell us the damn deal! If the deal wasn't done, then Sundance news is irrelevant. We know that the Sundance promotion is good for Poken. But how good is it for EGMI? I mean aside from a 3.5% interest in Poken? Nobody knows.
By the way, where's my CFO? There should be 999 applications sitting in a drawer somewhere, after Donovan selected the so-called "best candidate out of 1,000 applicants" last year.
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