Comments on: EGMI: Buy on Pullback (ROTH Capital Partners)

By: alfred

alfred — Sat, 19 Dec 2009 11:40:54 +0000

FORGET THE ABOVE I MADE A ERROR, THE DATA WAS FROM 12/2008.
sorry about that

By: alfred

alfred — Sat, 19 Dec 2009 11:34:18 +0000

1,994,995 SHORT INTREST 20.6 DAYS TO COVER.

surprise surprise

I just want to know where Sykes borrowed those shares. I think any reasonable individual following egmi probably realizes that the noise following the company would start to clear up in January, couple that with delivering on some deals, would want those shares returned before then.

This situation is explosive to the upside IMO

By: iancassel

iancassel — Fri, 18 Dec 2009 13:51:16 +0000

John:

Yes, that is why the stock has backed off quite a bit. I expect everything to be ratified in the next 45 days or so.

By: John Smith

John Smith — Thu, 17 Dec 2009 19:43:17 +0000

Hi Ian-

Thanks for all you research. Regarding EGMI- I’m very suprised by their financials snafus. It does not give me a comfortable feeling about how they will handle things as the grow. It’s amateurish. JMHO

rash

By: iancassel

iancassel — Thu, 17 Dec 2009 13:25:38 +0000

I spoke to the company about the error in the last Q3 report. There aren’t 70m shares out as the Q3 states, as its actually 63.5 million. They simply added the warrants and options and put 70 million shares out (which is the wrong way to do it). The fully diluted shares haven’t changed which remains around 72 million as it has been for a few quarters.

By: Bill

Bill — Thu, 17 Dec 2009 05:53:14 +0000

Ian, have you gotten any answers on the float issue. I recall one of you main points about owning stocks is a low float, I think you mentioned under 50 milllion shares. Where do you come down on the increasing amount of shares that some are concerned about and can’t be accounted for?