While these are currently down and oversold. The current balance sheet are still strong. These are perplex perception to dilute shares of individual investors and shaking them up. I believe it has a strong upside in the coming days/weeks.
This is still a growth startup company in Asia specifically China/HK/Philippines market for this industries.
Some arbitraged enlv/dgit when merger news first came out and conversion fraction closer to 1. (Plus some bought dgit on open market.)
I agree $ 38 is most probably not in the 12 month timeframe. Short term growth unrelated to online business. HDTV main driver. If interested in more details, can check out most recent dgit presentation and associated graphs. Long term online ads will contribute significantly. (Unfortunately most enlv shareholders averaged in significantly higher than $1 and for those stock has been a disaster.)
Re egt, agree EGT very speculative. But homerun if it can execute the business plan.
I think the Markets were trying to finish in the green but some wouldn't cooperate... Notice it all started in the last hour just like the big sell off the last couple of days.... At least the NASDAQ hung tough and finished green.
HUH? Are you sure that you are reading the right Balance Sheet?
I agree that there is a "upside" coming - but it won't be in days/weeks - It will be in MONTHS.
On the last earnings call EGT management said that this company will not be profitable until mid 2009 at the earliest. Now that the decision has been made not to sell the Dolphin plany, there will be no one-time surprise earnings.
In case you haven't noticed. The entire gaming sector has been knocked on it's ass as a part of the GLOBAL economic slowdown.
We're had enough BULLSHIT pie-in-the-sky posts on this board from the prevoius batch of EGT Bulls (all of which have run away). Do your fellow EGT Long investors a favor and keep it REAL.
"We're had enough BULLSHIT pie-in-the-sky posts on this board from the prevoius batch of EGT Bulls (all of which have run away)."
btw stock did hit "pie-in-the-sky post" price target of $5 although that was purely good fortune as I had that target based on what I thot - wrongly so as it turned out - were the fundys.
A couple of more days like this and you will have your .25 target price.
Sadly no announcements from management.
No reverse split (like the 1:8 PGIC reverse split effective today)
No corporate share buyback (like GPIC)