I agree with you Sam that the Investment portion is not the issue with the SEC. Just trying to answering a question posted on the board here. The problem with EGMI Stock is management --at this point it is my opinion that the core business (since most of it is contracts B2B and alot done thru sales partners) is not currently a problem.
What is needed is some indication that Management is ready to be focused and working like a team to go forward and execute their business plan. Remember Lee Cole came back from China, gotta be a report on the results of that trip.
What is so painful is the drop in PPS is predominately due to anxiety over management just doing the mundane back of the house issues, like communications, proxies, annual meetings, dealing with CPAs, appointing board members, getting a CFO, JUST THINGS that most would think are Business 101. Would be interesting to get the back story on the inside struggle/politics that resulted in the situation. Kevin being the CEO and Co-Chair, obviously is the one that will be getting the most of the blame as he is title wise the captain of the ship.
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