On this MB, real FACTS are scarce and projections for PPS are vague in timescope (ie 'soon') and WAY past ridiculous for targets (some were over 11+x the current PPS of 1.78).
The reality is that EGT trades in an aprox +/- 10% band centered on 2.00 a share and has for quite a while. Management has done little to boost PPS in many years and to expect different behavior now that it is a controlled company is unrealistic.
iHub, with respect, NOTHING that happens on this MB affects EGT positively OR negatively. It is a 'chat' site.
That is a very good question for your back-channel EGT IR contact (or even better for the Q&A at the end the CC on 5/12).
As I have said before, now that EGT is a 'Controlled Company' (see 10K for details) , it seems that realistically/functionally EGT has been reorganized as an 'internally-funded' new concept testing division of Melco/HK200. Projects like this Social Gaming App and any other new unicorn projects are developed by EGT because EGT has the available cash to internally fund these 'test' projects. If the project is a 'Win', great!, if it bombs, shut it down and go to Unicorn project number next.
Keep in mind that with the selling of Dolphin facility, the EGT staff has been reduced to a skeleton crew so there are limits to what they CAN do. EGT had to hire an entire new development staff that specializes in developing and deploying 'Social Gaming apps' and build out the development and production infrastructure at a projected cost of over 6 million bucks for 2016 alone with a disclaimer that they may run out of cash in 2016 (see 10K for details)
Looking forward to reading your questions (and the company answers) in the EGT CC transcript .
Ihub, don't deflect. You said it would bring us to $20. Now you are saying it won't make money. The stock looks like Booyha these days and you are the only promoter.
So are you positive, negative and why are you not bringing in buying anymore.
I won't ask you how much you sold because you won't disclose. If you are no longer working on the stock, let us know.
Greeting Cno. If you are truly invested in $EGT for what ever reason then what you are doing here on message board is really not helping us. It will only hurt us. Wish you good luck in all you do. Have a great week end. Please think about it.
Sentiment: Strong Buy
Ihub, you told us the social casino gaming platform would bring the stock to $20. Now you are critical of it. Did you mean it would bring us to $2.
Please explain or admit you have no idea what you are talking about and are just a dumasss stock promoter.
You were called the lord, act like it.
Has the Lord and his suckettes turned negative on EGT?
YOU WERE THE ONE SAYING SOCIAL GAMING WAS THE FUTURE
Ri8ght now we don't have a working product nor do we have an announced release date. So no matter what the revenue model turns out to be, it will not generate ANY revenue until it is deployed and builds up a decent sized customer base.
Fair question: The only thing that I can think of offhand is 'advertising'. Most free games have banners and/or popups. But if I were going to spend money, I would be spending it with the game hat has the largest installed base and more importantly the largest active player base (2 different things) so and can get max eyeballs on my ad.
How are they going to make money with this? Any ideas? When there are so many games out there, why are people going to play this social game?
Sentiment: Strong Buy
Don't know if the 'tough conditions' are good or bad or Social Game...But even though the economy is slowing, everyone that can still afford a smartphone can also afford a "Free" game.
From 'The Australian Business Review'
"...Despite the tough conditions in Macau, Mr Ho was optimistic about the region’s outlook, saying that supported by the central government’s long term infrastructure blueprint, Macau was undergoing a transition towards a more mass market-focused business model.
“Looking ahead, although Macau is encountering a very tough operating environment, with a combination of the slowdown of economic growth in China and government policies that may adversely affect the gaming market, we believe our business approaches are in line with the government’s new direction from a macroeconomic and social perspective,” he said...."
Maybe Ihub is boinking Mangini Or maybe he is boinking Booyathe idiot
Clarence should pay us $100,001
According to the terms of the Executive Employment Agreement, Mr. Chung is entitled to a fixed salary in the amount of $1 per year and additional incentive remuneration, payable in cash, to be determined annually by the compensation committee of the board of directors of the Company within four months following the end of each year. The determination of the additional incentive remuneration shall be subject to the compensation committee's discretion. On April 30, 2016, the compensation committee determined that the amount of additional incentive remuneration to Mr. Chung for the year 2015 shall be $100,000 payable in cash. No option was granted to Mr. Chung for the year 2015. Mr. Chung's total compensation for fiscal 2015 was $100,001.
if you can thumbs down my post suckettes, you can buy 100 shares. You are horrible stock promoters and worse human beings.
you better buy stock to prove you are not a fraud.
If the stock does not trade $2.05 today, it will be admitting that you and your suckette family are frauds.
Tick tock Tick Tock
Are you not the lord anymore or did you sell your monthly quota yesterday?
Why do you not speak when shareholders lives are in your hands? Why do you stay quiet, I don't believe you understand.