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PSE Stock: IP E-GAME VENTURES INC (EG)

bauer · 180 · 49529

finance123

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This stock has lost almost half of its value. Now trading at 0.15 from 0.20-.25 range. Sir bauer are you still trading this stock?


bauer

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^ Trading, No.  But if I'm still holding it, yes.  today, it was closed at 0.013

Fingers crossed that the annual audited FS this april will turn out good.


bauer

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Mr. Gonzales,

We need CLARITY on the sale of EG's economic interest on the sale of level up to a Thailand based company.

According to news report, the buyer already manifested in the Thailand stock exchange the value of the sale (about less than $3 million).

Your disclosure today does not mentioned any amount, the extent of the total shares sold, and the terms of the sale.  What are you waiting for???? 

The public shareholders (58% of total shares as of last count) should not be kept in the dark for too long.  Be transparent please and do it ASAP.


vicces

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^if they're letting go of LEVEL UP, whats left with EG's business? internet shops? kumikita pa ba sila dun? pero kung bad news, bkit umakyat ang price range from .012-.014 to .013-.015 last wk? tas puro TBA nsa disclo :hihi:


apingdaldal

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i used to play Ragnarok Online MMORPG alot during college. It was the time where LEVEL UP cards used to sell like internet prepaid or even GSM prepaid.  The proliferation of "private" servers made these MMORPG's (ragnarok, MU, RAN, etc.) free-to-play. Internet gaming applications like Garena and Steam also made it possible for internet gamers to play these popular MOBA's (massively online battle arena) like Dota and League of Legends, again, for free.

Tbh, i dont think EG will make a lot of money from internet gaming in the Philippines. even if they market World of Warcraft, pinoys will choose something played for free.




bauer

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^if they're letting go of LEVEL UP, whats left with EG's business? internet shops? kumikita pa ba sila dun? pero kung bad news, bkit umakyat ang price range from .012-.014 to .013-.015 last wk? tas puro TBA nsa disclo :hihi:

EG previously owned 30% of Level up after the merger.  Based on the financial report's mrq, EG did not reflect the income attributed to level up (page 13 of the 3rdQ report) which consisted of RAN online, CABAL online, and point blank (all under game play revenues).

Also heartening to read in the same report that the net equity value is about 2.9 Billion pesos with a very manageable total liabilities of 588 million.  Fundamentally speaking, 30 billion shares divide into 2.9 billion pesos in net equity translate to a 0.10 value per share. 

Value question ---- How do we convert an excessive equity value into future revenue streams?
« Last Edit: Feb 11, 2014, 11:21 AM by bauer »


hjamaru6

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Kamusta na ang EGames? Nag averaging nalang ako dito sa Stock na ito. Nastock (Ipit na Ipit) na ako eh. Since 2012 hahaha..
Sa tingin ko 2015 aangat na ito. Nag-lalaro kasi rin ako sa Egames. Napansin ko sa mga Slots Game nila parang ang hirap na manalo unlike nung Costelo pa ang server nila dali manalo basta Win and Run ka lang lagi.
O kaya naman pwede rin mas bumaba kasi nga hirap na manalo. Pwedeng umonti ang manlalaro o kaya magquit nalang sila amg E-Games.
Pero ulit ang sugarol kasi ipapatalo ang lahat makabawi lang. Ang problema parang ang hirap na makabawi.


hjamaru6

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Gumalaw si Egames ngayon ahh.. Diret diretso na ba ito?


bauer

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Mr. Gonzales, what happened to EG?

I just learned from rappler (of all the top newspapers!!) that along with LMG, EG was suspended due to non reporting of financial reports.

Although I have liquidated most of my shares, it is the duty of Mr. Gonzales to report to the public the current status of EG.

Kung nagbenta ka ng EG shares last April at more than 400 million pesos, ikaw pa rin ba majority owner ng EG or iba na? 

Sino ang bumili ng shares at ano ang balak nito sa EG?



bauer

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@cutiejamie thanks for the heads up.

The change in business address from RCBC Makati to a condo office in Ortigas was a big leap.

To all holders of EG shares, let us twit the CorpSec of EG and ask him to provide a good public explanation.

@AVYuChang or Atty. Chang an expert law practitioner on mergers and acquisition.

Atty. Chang, I think you are a licensed US lawyer and as such you very well understood laws on the US concerning publicly listed stocks, please provide a public statement on the current status of EG. 


lowije_dapogs

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@cutiejamie thanks for the heads up.

The change in business address from RCBC Makati to a condo office in Ortigas was a big leap.
Sir bauer
Big leap pataas 0 pababa? From makati to 0rtigas, parang downgrade e, wala ng pambayad sa renta?

Bka wala sila Annual Report kasi mas malaki pa magastos sa AR kesa sa kinita nila in 2014 hehehe... peace!


Zilch

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bauer

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Sir bauer
Big leap pataas 0 pababa? From makati to 0rtigas, parang downgrade e, wala ng pambayad sa renta?

Bka wala sila Annual Report kasi mas malaki pa magastos sa AR kesa sa kinita nila in 2014 hehehe... peace!


^That's why we need clarity from Atty. Chang to avoid speculations.  There is a high probability that Mr. Gonzales bailed out already.

Total shares outstanding is more than 200 billion shares (suspended share price of 0.014 translates to a market cap of more than 3 billion pesos).

Was there a take-over by another privately held company? 

Why is it taking a long time to prepare the financial reports?  Is it not in order?

What's the plan?


jsonacob

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