Hey Booya and the other pieces of Ihub. Can you tell us when we can expect the stock to hit $28. After all it was a year ago when you were preDICKting $7-8 and everyone who sold were idiots.
So when can we expect $28? If you are just full of smelly Ihub, you can tell us that too.
Things are not looking good for EGT right now after the RS. A High of 2.61 post-split...down to a low of 1.60 post-split...1.60 = .10/sh before all the the RSs were introduced over the last 4 years. Given the elimination of debt, that PPS is not a strong market endorsement of EGT's future success. One other additional downside of a RS not discussed previously is that because the RS raises the PPS, it makes EGT more attractive to short - which probably explainse the temporary surge to 2.61 the morning after the RS (short sellers buying in)
Unfortunately, the market may decide NOT to wait for EGT to renegotiate their contract with NAGA before pushing it off the cliff. A lot depends on the next 1-2 10Qs. If EGT announces new contracts in reasonably large ACTIVE venues, then MAYBE this can be a turn-around story. If this company cannot demonstrate they are capable of generateing and new recurring PROFITABLE streams of revenue, then stick a fork in it - EGT is cooked.
On the positive side NASDAQ closed over 5000 yesterday, so at least you can use EGT as a tax writeoff against the profits that you have made elsewhere in the market.
The fat lady is practicing her musical scales backstage, good luck to all.
Sorry. I am still trying to remember what I had for lunch yesterday! You might try clicking on the [My Posts] tab at the top if this page and go back to around mid-June 2012 (previous 1:4 RS)
Do you recall the conversation between me and JSuffer? I think we had located a site which stated what typically a stock pulls back on a R/S. I lost the website and was hoping you might recall.
You guys must spend a lot of time Ihubbing. You sure like to screw everyone else.
Current comments from CEO not very encouraging. I assume that he will give a bright and rosy vision of the future but then the spending will begin just as before. We will also see that another casino will have been sold for next to nothing and by the next quarter the stock will be at a buck or just below. This stock is turning out to be someones personal piggy bank! Best to all of us fools. Just glad I did not go for that rights offering.!!
OK BeautifulDay, that is reasonable, but I do not see that informaion plublished anywhere...please site your source.
I see that the end of the Rights Offering PR Newswire indicated , "... aggregate gross proceeds of approximately $15.0 million...." but I do not see your number published anywhere.
here we go again. another R/S to inflate the price, and then back down we go! I give it two months and we're back under a dollar again.
this should say "follow IHUB and lose all of your money ... again". stupid stupid people.
It's old number. Add the dollar amount raised from Rights offereing.
$EGT going higher..... Strong Buy....
Sentiment: Strong Buy
As was pointed out to me via email, the math in my previous post is off...Instead of a total of 1:8 RS impact to your total share holdings over the past 3 years, the correct number is 1:16 because the 2nd RS was applied to shares that were previously RS'd in 2012....(sigh)
They company will say this is a 'cash neutral' transaction blah blah blah...but the best way to increase share value is to GENERATE PROFIT...a novel business concept that EGT may want to consider at some point in the near future ...or put NEW people in Sr. Management roles that know how to make that happen.