Amazing how the sunshine of truth and information can light up the situation. So if you have faith in the information provided (and I do) then the course to correct becomes easier to see. Will be interested to see the PPS market reaction, however, my guess is it should be positive.
So it seems with no change in the business or balance sheet, Kevin Donovan in an effort to maintain his control of the company and spending ways at the helm, SPOOKED the CPAs and TATTLED to the SEC about an issue that was more about him and not about the company. If in the end, the Assets are there (which all along I believed) then this was a powerplay by Kevin that resulted in a huge loss to stockholders---who are his ultimate boss, In my case his little song and dance cost me over a half a million in stock value in less than 2 months.
I want this guy out (KD and crew) and EGMI to get back to running its business so THE PPS reflects a going concern and we get off the pinks/grey market. If we have to pay a price to GCA, PWC LLC and a law firm, so be it.
Kevin's actions were immoral at best and likely criminal as well. I am still a fan of Lee Cole and believe he could be a part of the solution with a new management team in place.
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