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Entertainment Gaming Asia Inc. Message Board

  • gallery_pup gallery_pup Jun 6, 2012 7:32 PM Flag

    1:4 Reverse Split Possitive for EGT

    After the 1:4 reverse split, we will have a 12 mo high of $5 and a current price of $2.80. Pennies and fractional cent earnings become nickels, and a company that earns approx a penny a month will now show earnings of upwards of $.40-.50 cents for the year. There are several $3-5/sh micro caps with 20 - 30 million shares outstanding, earning $.35-.50 cents/sh, in niche growth markets that are being sought out by investors.

    A 1:4 reverse split will put this growth company on the radar, with potential 12mo's forward target earnings of $.40-.60 cents/sh and a stock price of $4-$6.

    This is a very positive move for the company at this time with the new casino's coming on-line and investors looking for the next casino growth regions, such as Cambodia and Vietnam.

    All the gloom & doom noise on this board is by day trading novices not investors.

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    • Awesome post buddy.

      Thanks for helping me out good fellows..

      I have the exact same thing in mind...

      Your targets will be exceeded as the float is reduced significantly as some people always buy 1000 shares of anything..

      Now the float is reduced... this will put some additional buying pressure in my opinion after RS.

      Fundamentals of EGT deserves far higher price..

      We are almost at June 1st week now .. Another 7 months (max) away from another 2 more casinos opening up..

      It will be far more exciting as we get closer to 2013.

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