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 [...]

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 [...]

[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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Buy on the pullback. We recommend investors buy shares of EGMI on
weakness as we believe panic selling has created a very attractive buying
opportunity. Shares are off -55% from its October highs and were down -12%
yesterday. In our opinion, there are several non-fundamental factors
contributing to the weakness which include the following:
VIEW ROTH CAPITAL REPORT

Today was a complete flushing of the stock on all time record volume.  Administrative blunders over the last 45 days starting with the Chairman Lord Steinberg’s passing, CFO resigning, and proxy vote pushback has taken the stock down 45% from its peak on October 16th.  It has been a feeding frenzy for bashers and shorts [...]

Sales of welfare lottery in China have exceeded 70 billion yuan (10.2 billion U.S. dollars) so far this year, according to the Welfare Lottery Distribution and Management Center.  The sales represent a 17 percent increase from the whole year of 2008, the center has said.  After paying back for prizes, the lottery raised a total [...]