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Another buy at 4 PM today of 5,300 shares just so the shareprice doesn't go up. This is dirty bulls**t.
I smell a rat in the woodpile and it's probably someone we know that is fu**in around.
Not really sure but all I know, there is absolutely no reason for us to struggle to trade 30K shares daily with under 20 million shares available in the float and absolutely no reason for us to be shorted over 1 million shares for 2 months and virtually none have been covered. Something really stinks here... I'm not sure about why we have these 2 troubling situations considering how the company has grown in the last year and still growing and profitable! Nothing makes sense here to me!
PokerStar
Could it be that these buyers and sellers are the same people in competition with each other? or they just want to get this as low as they can to pick up cheap shares? Whatever, it's a daily game.
I am really sick of the daily games and nonsense that go on with this ticker. Firstly, the volume here continues to be atrociously low. Again I've watched level 2 and SMFH at the games. We have almost no volume and a stagnant price, then someone ask slaps about 5K as high as $2.45, then within minutes, someone dumps 1K into the bid to drop the price into the red @$2.32??? You see what boggles my mind here on a daily basis! If a seller truly was happy with selling for $2.32, why would they not sell into the bid when there was enough on the bid to fill their sell order @$2.32 earlier? Why would they wait until after 5K was bought on the ask for as much as $2.45 then dump into the bid? It's not like they got more money for their thousand shares.... they still got filled @$2.32. The only explanation is the most obvious, and that is price manipulation by MMs or shorts. We have a small float of under 20 million shares and most stocks I follow with near this amount of shares still trade an average of 400-600K daily average. Not only that, but we still have over 1 million shares sold short that need to be covered at some point but they're not even interested in covering in the low $2s where we've been stuck for two months since the runup to mid $6s.Why do we trade so few? Hell, we're right back where we were before the last run up struggling to trade 30-40K daily. No wonder nobody wants to buy shares here! Nothing here makes sense to me. Something is seriously wrong here!
PokerStar
Yeah... doubt the SEC would do anything anyways. I'm sure the SEC is getting payoffs to not follow up on this criminality!
PokerStar
I left an email to the SEC to see if they will investigate this matter...Be surprised that they will do anything.
Well, less than 30K traded and these dirty pr*cks got the price back down to a low of $2.30. It seems like there is no time limit for these dirty shorts to cover. Last check I saw it showed like 27 days to cover. I don't get it. My understanding was it was always less than 2 weeks. It appears as though they cover a small amount like we may have seen last week, then they use the same shares they covered to use to short some more and reset the clock. I'm going to ask around and do my own investing on this matter. Something just not right with this ticker lately.
PokerStar
Lol... another 60K after hours trade showing as a sell @$2.47. Talk about price manipulation. Think there's a short out there that was trying to have 100K of shorts covered today? These thieves seem to buy shares in these amounts after hours to not move the needle on the price! SMFH... when do the games end and we get out of this sh*t show.
PokerStar
So with 18K more buys then sells today so far on about 73K shares traded, they got the price down to the day's liw if $2.50. SMFH! As I expected, the flippers let it run up to $2.63 yesterday and $2.69 today just so they could undercut the ask and sell into the bid for their weekend beer and cig money. Unf*ckingbelievable!
PokerStar
I just saw the post, I liked it last night.
If that was you who answered me on the Facebook page... thanks for answering James. Hopefully we are starting to climb and get out of the low $2's for good!!
PokerStar
Thanks for your question Larry! Hopefully it is short covering time. James
Finally back to a little above average volume day and buys outpaced the sells by 33K. Money is flowing back into stocks this time of year and hopefully we start seeing huge volume days here again. A close today at the high of day is promising. Haven't seen this in months. Usually have the end of day slugs selling into the bid to take their .10-.15 cent profits for the day and pushing the stock price to flat or red. Got word yesterday from someone on the Facebook site that short position on GMGI still sits above 1 million shares. I find that hard to believe that we could still be in the same situation as we were 3 months ago. Maybe today's action is a signal to these shorts to start to cover as another run is about to start or maybe it's just another Thursday run up so the flipping dweebs can dump into the bid tomorrow for their weekend beer and cigarette money. I'm a betting man and unfortunately, my money is on the latter! I guess we'll find out when tomorrow shakes out. Good luck GMGI longs... we sure could use a turnaround here!!!
PokerStar
I don’t get why that kinda stuff is legal
Volume is s**t..That's why it's easy to manipulate the shareprice.
Can’t be. We see the volume. Who’s making 100 bucks shorting this and having it go up n down 30 cents every day.
I call it nickel and diming to make a daily profit everyday. It looks like lowlife flippers making beer and cig money. It would at least climb higher if more investors buy to get the volume up. Volume stays low because honest investors shy away from having their shares get crushed. This is the new investing called daily trading which there are courses being taught to treat this like a penny stock.
Wtf is the problem here can’t just be shorters or whatever the f.
Today we got back to a high of $2.46 only to see the price manipulation take it back down to flat for the day. We had 23K more buys than sells on another light volume day which should have translated into, at the very least, a green day. I still have yet to get any updates about where the short count stands after being as high as 1.1 million about a month ago. Since then, it seems like volume has completely dried up and now seeing days that struggle to get to 40K traded. My guess is again, without any proof whatsoever, that the short count is still high, as they continue to seem to buy up shares without having the price change much or like today, remain flat or in the red. This price manipulation is sickening. Any time we see some buyers step up to increase the price .10-.20 cents, they start undercutting the going price on the ask, so even as people are slapping the ask, the price keeps going lower. I'm not sure, but if the next consolidated quarterly positive results doesn't put pressure on the shorts to cover, I don't know what it's going to take to get out of this sh*t storm.
PokerStar
So far today I watched the price come up 3 times then get dropped by these greedy pr**ks daily profiteers.
I looked at it quickly. What are we suppose to do?
Anyone look through the Proxy Materials,?
These fu**ers still don't give it a rest even this low.
Anyone seeing the transaction volume?
Last r s , stock went up, so you would do well if bought before r s and price skyrocketed, rare with r s
Interesting comment
I’ve seen that, and usually about 10,000 share blocks change hands.
Have you been noticing everyday at 3:59 and 45 seconds the price changes real fast? Manipulation at it's finest.
I miss this guy LOL
The same people not only play with GMGI but they have more than a handful that they gamble with. It's all taught in these day trading courses that they pay a fee for. They have a computer screen full of stocks that they buy and sell, buy and sell like wash and rinse.
Exactly... we have more than our fair share of low lifes on this ticker. Thousands of tickers to play out there but they stay here and kill any momo that starts with their f*cking games. Sick of this sh*t!
PokerStar
That's what happens when you get low lifes getting involved..Screw up a good thing.
No doubt! It's bad enough we have to deal with these weekend beer money traders but what really pisses me off is when they start posting nonsense fud on red days. Same posters with the same bullsh*t on red days... it's getting old! I had a feeling we'd see sellers show up this morning. Some peeps just can't stand to see the share price up .20 cents on the week without selling into the bid for beer money. It's a sad situation with this ticker!
PokerStar
It's a sickness these jerks learned when they took the daily trading course they paid for.
One! To uplist to Nasdaq. But you knew that... you just show up on red days to spread fud so you can reload for cheaper for your next .25 cent flip. Sad!
PokerStar
Almost 3 to 1 in buys versus sells and another green day inching above $2.60. Looking like the early bargain hunters are getting back in before September rolls around. Good sign, I think! It was a Thursday so it could have held today's gains so the Friday sellers get their beer money for the weekend. I guess we'll see what tomorrow brings!
PokerStar
I suspect as summer comes to an end, with labor day right around the corner, we should see investors jumping back in here and helping to drive the volume and price back up. The summer months seem to keep investors away from their computers and investments. September should see us gaining traction again as the good news updates keep coming in. We should also see enough pressure on the price and the ask to force the shorts here to cover which in turn will put more upwards pressure on the price and the ask. We are more than overdue for this to rebound back to our recent highs, in the low $6 dollar area and beyond.
PokerStar
Typical dirty MM tactic on display with low volume trading. They keep the spread between the bid and ask at .10 cents or more, then if you slap the ask, they either sell to you between the bid and ask or fill your order at the ask, then sell a few hundred right after into the bid to drop the price right back down. Until we get back to heavier daily volume, these dirty pr*cks will take advantage of traders and continue to kill any momo here. I'm also curious where the short position is sitting now after my last update from a couple of weeks ago of over 1 million shares?
PokerStar
Nice news today about New Jersey licensing! Expansion into the states and also the update of the Brazilian licensing that should be completed by December 2024. The company is expanding like crazy and it boggles my mind how we can't get our heads above $2.50, yet we traded above $6 bucks 3 months ago. SMFH!
PokerStar
Another very low volume short attack on the price... dropping us back down to the low $2.30s. When will these criminals stop playing with our long term investment here???
PokerStar
Check out the full interview with @GMGI_Official CEO Brian Goodman on @Benzinga All-Access! 🎙️
— MeridianBet Group (@meridianbet_ofc) August 26, 2024
Dive into our Q2 2024 results, the Brazilian market, our latest acquisitions, and why GMGI is a strong investment. 📈 #GMGI #Meridianbet #iGaming #SportsBetting #Investing… pic.twitter.com/j6tk3pEu2o
Anybody got a link to the interview Brian did yesterday on Benzinga? I can't seem to find it. Thanks
Poker,
Starting the search for the next decent stocks. Anything in your radar that you can share that are long term potential?
Thanks brother
Who in their right mind would sell 1 share at 8 AM this morning? Some s**head manipulating us to the red already?
Another 10,689 shares bought at the 4 PM mark so the price wouldn't climb...Shorts loading up ammo
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