Replies to post #14180 on Electronic Game Card, Inc (fka EGMIQ)

[Buckey]

UNLIKLEY.

As unusual as it may be, this may be one case where a bankruptcy filing could benefit stockholders.

The reason is if there is net value then the receivers the lwayers and the coountants all get first crack and they prolong the process to suck all the cash out of it.

Years ago I woned some warehouse space and receivers would store bankrupcty assets in there and I would make 50% profit on the space and they would mark it up and charge it back to the company in CH 11 - sometimes for years things would not be resolved because there was money left to burn. Common shareholders rarely ever get anything.

This one looks very seedy and they cannot tell if they have $10 Million or ten cents