Replies to post #13364 on Electronic Game Card, Inc (fka EGMIQ)

[wmthecommoner]

Jersey Guy, they subcontract the manufacturing to a company in China. Since this is your very first post on IHUB, I would implore you to go to a SEC 10-K from 2008 and the 10-Q from third quarter 2009 and carefully read the entire statements, including footnotes and disclosures. This might take a little time, but well worth the effort and the first place to start for your DD on any stock.

At this point in time, the main issue is the issuing of statements and a reinstatement of opinions on the statements that were withdrawn by the CPAs. Hopefully, slowly over the next 4-6 weeks, clarity will come and the future path of the company will become easier to understand/predict. Right now the PPS is set at a price that reflects pretty much all the bad news, so any news, neutral or positive will have a positive effect on the share price in my opinion.

[pontiacnut1999]

NJ, as per the second article I mentioned via link from page, and with awareness of EGC's licensing agreement with SCI,

"Scientific Games International, based in Alpharetta, GA, produced 20,000 game cards for an Iowa market test that began in October. The lottery sold the cards at about 130 retail locations in the Cedar Rapids, Waterloo/Cedar Falls and Dubuque areas. Results of the market test met the lotteries highest expectations, with all cards sold by January."

"The lottery has ordered 180,000 game cards for Quarter Play's state release and has scheduled two more game card games for release in late 2005 and early 2006."

And per a co. release, Iowa later did another order for 180,000 more cards.

To save a post, from same article, for Kozuh:

"Stanek (Iowa Lottery CEO) said he thought it was a novel concept - one that could appeal to consumers in their 20s and 30s, who grew up with computers and electronic games and are a main force in the electronic age."

Please, you guys can't tell me that I'm the only one here who knows how to find relevant, factual print info per DD. Crunching numbers, posts, CCs and audit reports aren't the only things one has to evaluate.