If anyone hasn’t seen the latest saga on EGMI I’ve pasted it below:
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February 19, 2010
The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Electronic Game Card, Inc. (“EGMI”), of Irvine, California, at 9:30 a.m. [...]

Electronic Game Card (EGMI) update conference call will be one of the most important calls in the company’s history.  The company has grown its revenues from $1 million FY 2006, $6 million FY 2007, $10.5 million FY 2008, and expected to be $15-16 million in revenues for FY 2009.  EGMI’s corresponding EPS over the last [...]

I really don’t have an update, so I guess that is the update.  I know there was a board meeting late last week but havn’t talked to anyone on what decisions were made.  I’m still holding my position since there is no reason to sell when the company is growing EPS 40% yr/yr, trading at [...]

The move at the end of last year above the down trendline in effect since October 2007 is now under pressure. A reality check for the market. A 10-month rally that is/was a bit “too far, too fast”… with last week’s selloff likely the beginning of a normal-enough giveback.  Interestingly, the down trendline comes back [...]

I found this really cool website that is posting POKEN updates from Sundance 2010.  It looks like EGMI CEO, Kevin Donovan, is staying busy.  Click the picture above.
Disclosure: LONG EGMI

The Company heads to China today as they will be meeting with their China Welfare Lottery partner, China LotSynergy.  In the next few weeks we should get some more transparency into this potential monster of a relationship. POKEN has been getting a lot of positive press lately (Forbes, etc).  EGMI has been very quiet on [...]

Rising Production Looks Unlikely to Exceed Demand, Propelling Prices Higher World-Wide for Raw Materials
By ROBERT GUY MATTHEWS
China’s surging demand for steel this year is expected to dominate the landscape of the steel industry as never before.
Already the world’s largest producer by far, the country is expected to rev up production by nearly 10%. But the [...]

[Roth Capital Report]
 
Disclosure:  LONG EGMI

2009 has been a really good year, but I believe 2010 will be even better. The overall markets may be a bit top heavy but I believe the Russell (micro/small caps) will outperform the major averges. I am going to start off 2010 the way I finished 2009..WORKING. I’m traveling the first [...]

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