Its been almost a whole month (May 16th) since management issued a press release. This is the #1 reason
our pps is down .3 cents today to .28 cents.
While this pps decline is a great new buying opportunity
for longs allowing us to accumulate more shares cheaply,
this long, 27 day, periods without a company press release has TOTALLY KILLED THE MOMENTUM gained by the great Q1 results & the exciting news about EGT's 2nd casino, DREADWORLD PAILIN.
I listened to the last conference call when the American investor practically "begged & pleaded" with CEO Chung to give him & all of us more company news including pictures posted on the EGT web site.
Since CEO CHUNG hasn't given investors what the American investor so clearly communicated that we need....a steady stream of company news w/pictures & timelines, etc. many investors have been disappointed & sold.
I POSE THE FOLLOWING QUESTIONS TO YOU FELLOW ACTIVE YAHOO FINANCE EGT BOARD REGULARS:
1. NOW THAT EGT HAS LOST IT'S MOMENTUN CAN IT BE REGAINED? IF SO, HOW? IS CEO CHUNG THE KEY TO THIS OR IS LARRY HO THE KEY?
2. WHAT CAN WE AMERICAN INVESTORS DO TO "GET THROUGH" TO
CLARENCE &/OR LARRY THE CRITICAL ROLE THAT PRESS RELEASES PLAY IN THE USA. THE POZ ROLE THAT TIMELINES & PICTURES PLAY TO AMERICAN INVESTORS.
3.Should we all flood Traci Mangini with daily phone calls and/or emails about this critically important issue? Should we forget Mangini & flood Chung with phone calls & emails every day until we get his attention to focus on the issue? Should we bypass
Chung & flood Larry Ho with calls & emails?
4. How can we persuade these culturally secreative Chinese top Asian gaming experts like Chung, & if necessary Ho, to SEE THINGS THE AMERICAN INVESTOR WAY?
5. Do you think they like holding on to the old Asian ways more than they like getting richer?
I agree with many of you other American investors who say that CHUNG & EGT TOP MANAGEMENT DON'T "get it yet". They don't get the American investors need for a steady news flow from the company.
It's very frustrating b/c we know that Chung got his MBA from a top American University.
6. Do you think that CHUNG & the others "don't get how to be successful with American investors b/c they're mostly ALL CPA'S...ACCOUNTANTS...NUMBERS GUYS?
I've personally know my share of accounts who were so # focused that they couldn't communicate well with regular folks...nor could they speak well nor inspire the trust & confidence of others...they couldn't articulate their vision very well to investors.
Could it be that this ACCOUNTANTS MENTALITY/MIND SET is what's really going on with EGT's top management? Is this why we investors are forced to endure a months long absence of news as we watch our shares lose value.
What to do? we can always sell & go away...or we can try to help ourselves, EGT managers, & MELCO/LARRY HO
make a lot more $$$ by convincing management to COMMUNICATING TO INVESTORS THE AMERICAN WAY.
I sincerely welcome all your suggestions & ideas.
Just out of interest, if there is nothing going on, exactly what would you suppose would be in the press release?
would it be like Homer Simpson with the 'everything is ok alarm'?
Look at how good companies work - press releases come out sporadically. They don't occur monthly on the dot like a period.
If you were to google "EGT Dreamworld Casinos" you will see a site "Architecual Rendering of Dreamworld Casino Kampot" there you will see all the info you say isnt made public posted..... its all there!!!!!! the numbers and photos of what it will look like. guys do some D&D before cutting the guy up!!!
EGT Dreamworld Casino link:
Weekly or Monthly PR releases are not necessary to placate investors concerns. You either are on-board with mgt's operating targets or not, and to-date, revenue, earnings, cash flow and business development are all positive. The MPEL relationship can only enhance the future of this company.
A spinoff (sell) of the auto parts business would enhance the pureplay casino focus and provide add'l working capital for project growth.
My post should have read "NO PRESS RELEASES SINCE MAY 20TH". Sorry for the error.
I don't agree with the manipulation allegation posted today on this board. Obviously, this investor is frustrated as many American investors are frustrated with EGT management because they have not given us any company news since May 20th.
We American investors expect & usually get a steady news flow in the form of company press releases updating us on matters inportant to us all.
American run small cap listed companies get this..they get our need-to-know & to be kept well informed in order to HOLD OUR ENTHUSIASM FOR OUR INVESTMENTS.
It's of no use. I am really annoyed and about to loose all the hope i had on this stock i did all the research and this stock doesn't seem to get any value from investor community except me.
We are struck in this price range for last 3 years. I am not sure what will move the stock price for this company.
EGT is down because you got the kiss of death. Josejosb recommended EGT. Every single stock he talks about on Yahoo goes down at least 50%. Sad thing is the only thing worse than his stock picking is his spelling and command of the English language. He got 75 gardners deported to Mexico because he had them hock their gardening tools to buy LACO at $2.50 because he promised them it would double in 60 days.
Here is what he did to EGT on June 7th
GONNA BE GREEEN DAY 7-Jun-11 09:02 am WHILE IT DROPS A LEETLEBIT,,,ANDRE MASTER PLAN IS WORKING,,,NUMBERS WILL BE LIKE THEY PROJECT FOR QTR, EVEN BETTER , IV SEEN A LOAD OF BUSINES, TYME TO BE SCOOPING,,, EGT,,,GAXC,,PNK PLANT NOW HARVEST IN 12 TO 24,ITS IN THE STOCK ALAMNAC