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wmthecommoner

04/10/10 6:30 PM

#13657 RE: Rawnoc #13656

The management conflict was between Lee Cole and Kevin Donovan, with Anna being just ignored by both is my take on it. As long as KD had Eugene Christiansen on his side, he could hold out and eventually have his way. Infact, Lee Coles letter pretty much said he had no way to be effective because it was 2 votes against his one.

That being the case, I believe we now go forward as the conflict ends, NOW it is roll up the sleeves and get to work. KD surely assemblied with GCA a team to do so. My guess, is KD will get a nice goodbye package, new management will come in and if all goes well, we could have a Phoenix Rising Senario. All the large shareholders (stuckholders) will put pressure on to have an annual meeting and proxy to get things going.

First things first will have to be Audited statements, reissued and 2009. Once we get to deal with New Firm(er) numbers, this could be a winner for those with the balls to buy under a quarter. JMHO With certified statements, even RAWNOC, might start to Twitter, EGMI continues to Monster. LOL
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Rayzz

04/10/10 6:52 PM

#13658 RE: Rawnoc #13656

Sorry if you can not put pieces together but really it is not that difficult to understand. Obviously Anna was referring to Lee Cole ignoring her request which I am sure she is being truthful. However the fact that Lee Cole started a power struggle with Kevin and Anna and Cole decided to ignore them and hide the money from them is a lot different than Fraud and stolen money.

By the way Anna seemed to have no idea what was going on and that was her point and why she quit. Anna never said there was fraud and Anna never said the share count was higher than what has been stated. Clearly now we have a little more info than Anna did at the time of her letter. By the way do you really think Lee Cole thought he had to answer to some x-porn actress. I doubt it. However it looks like game over for Cole now.

Sure, EGMI has been hit hard from all this BS by Cole's powerplay, but it's a lot differnt than fraud.