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Seems like someone is buying .0096 then putting them back up for sale.
What, no picture? I'm disappointed, lol.
Updated: Knew I could count on it :)
Lol!!!! Complete nonsense-have you not read the company's PR?? Try following along:
Strong Balance Sheet And Cash Position To Support Gmgi’s 2020 Objectives With No Capital Raise Currently Needed Or Anticipated.
https://www.otcmarkets.com/stock/GMGI/news/story?e&id=1569433
GMGI already has developed their own platform to accomodate esports & betting.
Like I said earlier, the CEO painstakingly removed all toxic debt from the company's balance sheet. There will be no dilution or toxic debt going forward-not sure how many times I need to repeat this. If you read yesterday's PR, GMGI is working with multiple partners-they will not bear the full brunt of the development costs.
Well if that was going to happen, it would have happened already-thanks though.
How are shareholders suffering?? It's NON-SHAREHOLDERS who are suffering-they don't own shares of GMGI and have missed out on massive growth $$$$$$
Lol-THEY HAVE CONSOLIDATED DEBT-THEY ARE ALMOST DEBT FREE-READ THE FILINGS, LOL!!!!
They are fully vested after 3 years. 2 consultants have left the company & forfeited their options. The rest of the shares are not fully vested yet. We've been over this multiple times-all the great companies reward their employees with options to BUY the stock at a discounted price for sticking with the company & doing a good job-they weren't "handed out" "free" shares.
Good question-better answer: The ceo preserved the company cash, and accepted shares to pay off the convertible notes.
The company did not have the cash 2 years ago to pay off the notes. But now we are toxic debt free with almost 2 million cash, and vastly reduced liabilities overall.
Incorrect roger-the CEO never issued any convertible notes-he paid them all off from the previous shell owner-nice try though. And it makes zero sense that the CEO would take on any toxic debt after just paying it all off-think for a minute, lol.
110% correct. GMGI is not a 1 or 2 day flip, imo. The CEO has a vision and is executing-holding for much higher.
How do you know how long it will take? Also, the CEO doggedly eliminated all toxic debt. There will be no more dilution. The company has almost 2 million in cash, and after this latest quarter, it's probably in the 2.5 to 3 million range. Yes I am holding- thanks for the concern.
No, they are not designing new e-sports games, this is a betting app that allows their current users to bet on esports.
The company believes an easy-to-use E-sports app would become “very popular” with the company’s aggregate user base of over two million players. E-sports gamers wanting to monetize their skills would be able to make friendly wagers with strangers and friends in head-to-head matches.
Last post of the day.
HELLO!!!!!!!!! THERE ARE NO ADDITIONAL COSTS FOR "EXPENSIVE SOFTWARE." THE GM-X PLATFORM IS ALREADY CAPABLE OF INTEGRATING GAMBLING & ESPORTS. I ONLY POSTED THIS 3 HOURS AGO-TRY READING OR FOLLOWING ALONG (DIFFICULT AS THAT MAY BE) LMAO!!!!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155552153
Nice going, you're off to a good start-enjoy the ride $$$$$$$$
GMGI'S GM-X Platform was designed specifically for this in mind:
Golden Matrix Group Launches New Generation GM-X System
May 22, 2018 09:15 ET | Source: Golden Matrix Group Inc,
LAS VEGAS, May 22, 2018 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (OTCPK: GMGI) today announced the launch of the company’s New Generation GM-X System (NewGen GM-X), featured earlier this month at the Global Gaming Expo Asia (G2E) held in Macau.
Golden Matrix, a technology-driven company that designs and develops social gaming platforms used by gaming operators located primarily in the Asia Pacific (APAC) region, said NewGen GM-X incorporates an artificial intelligence (AI) component as well as a module that supports seamless integration with Sportsbooks and e-Sports. It can provide current and prospective gaming operators with the ability to strengthen their customer acquisition/retention and back-end management, as well as add more gaming content.
The company said it expects NewGen GM-X’s added functionalities to help gaming operators and Golden Matrix immediately generate greater revenue and profit.
https://www.globenewswire.com/news-release/2018/05/22/1510136/0/en/Golden-Matrix-Group-Launches-New-Generation-GM-X-System.html
Fair enough; I'm excited that the company is expanding into other areas of online gaming/gambling-this is very good for the long term prospects.
Investors are under-estimating the potential here-this will give GMGI a foot in the door to the US betting markets as more states allow it-win win in the long run, imo.
We've been getting meat & potatoes for over a year (revenues/profits/reduced liabilities/increasing cash on hand) and the stock was stagnant. We need a little "hype" to get new investors excited about the company/stock.
More revenues, more profits with little additional overhead-silly cheap here, imo.
I like the potential-entry into the US also in the works.
News out right now ;)
No, 50k
Huge!!
Oh yes!!!
NEWS!!!:
Golden Matrix Aims to Launch E-sports Peer-to-Peer Betting Application
9:20 AM ET 5/11/20 | GlobeNewswire
Golden Matrix Aims to Launch E-sports Peer-to-Peer Betting Application
LAS VEGAS, NV, May 11, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Golden Matrix Group Inc. (OTC:GMGI), a developer and licenser of social gaming platforms, systems and gaming content, today announced it had entered into discussions with multiple parties to design and launch an E-sports peer-to-peer betting application that can be integrated with the company's GM-X gaming platform. The planned web-based solution with a mobile interface would make it easy for gamers to connect and compete for cash.
The company believes an easy-to-use E-sports app would become "very popular" with the company's aggregate user base of over two million players. E-sports gamers wanting to monetize their skills would be able to make friendly wagers with strangers and friends in head-to-head matches.
"There are over 1.2 billion gamers worldwide, and popularity for E-sports continues to increase rapidly," said Golden Matrix CEO Brian Goodman. "We believe this new E-sports offering would not only allow GMGI to generate additional revenues from our existing distribution base, but also provide an opening for us to expand beyond the Asia-Pacific region and enter the U.S. and other markets.
"Currently, we service over 310 casino operators; and discussions with some of our larger operator clients have suggested there is already solid demand for such a project. By leveraging our tried-and-tested systems and extensive gaming knowledge, Golden Matrix now has a timely opportunity to capitalize on the meteoric rise of the electronic sports industry."
Mr. Goodman said E-sport activities "would be an excellent complement to the company's core gaming business and provide an added source of revenues, profits, and cash flow for GMGI and ramp up over time."
According to Newzoo:
-- Global E-sports revenues will grow to $1.1 billion in 2020, a year-on-year growth of +15.7%, up from $950.6 million in 2019.
-- In 2020, $822.4 million in revenues--or three-quarters of the total market--will come from media rights and sponsorship.
-- Globally, the total E-sports audience will grow to 495.0 million people in 2020, a year-on-year growth of +11.7%.
-- Mobile E-sports enjoyed a huge spike in the past year, with emerging markets like Southeast Asia, India, and Brazil at the forefront of this growth.
What is E-sports?
E-sports events are competitive video game tournaments that are organized through various means and pit individual players or teams against one another. E-sports is a subsection of the video gaming, sports, and entertainment industries. The gamers are watched and followed by millions of fans all over the world, who attend live events or tune in on TV or online. Streaming services like Twitch (an Amazon subsidiary) allow viewers to watch as their favorite gamers play in real time.
About Golden Matrix
Golden Matrix Group, based in Las Vegas NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention, and monetization of users. The company's platform can be accessed through both desktop and mobile applications.
Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
Connect with us:
Twitter - https://twitter.com/GMGI_Group
Instagram - https://www.instagram.com/goldenmatrixgroup/
Golden Matrix Group
info@goldenmatrix.com
Tel: (702) 318-7548
www.goldenmatrix.com
> Dow Jones Newswires
May 11, 2020 09:20 ET (13:20 GMT)
Your welcome, early stages of growth here too-much more to come!
“I want to thank our many shareholders for their continuing support, and I look forward to updating you with what I believe will be major developments between now and year-end.”
Even as a relatively small but very profitable technology company, GMGI’s strong market presence in the APAC region, and cash-on-hand of about $2 million, has positioned the company to investigate expansion beyond organic growth. As stated previously, the company has been evaluating certain strategic opportunities and relationships that may lead to a merger or acquisition. In considering attractive options, we are confident we can increase shareholder value with the successful addition of new business lines that are accretive to our already strong earnings performance.”
The company said it now plans to review and strengthen its corporate governance guidelines, and to add at least two new independent directors with varied backgrounds who support the company’s vision.
“As a result of physical limitations and restrictions imposed by the coronavirus pandemic, we have become a go-to company for casino operators needing to expand beyond land-based casino operations to include a strong online presence, which is critical to their long-term survival. Golden Matrix has become a trusted source for hundreds of operators in the Asia-Pacific (APAC) region. Our state-of-the-art GM-X platform has many competitive advantages over other products and services; it is customizable and highly scalable to suit each of our operator’s requirements, and can be accessed through both desktop and mobile applications.”
Recently the company reported its eighth straight quarter of strong revenue and profit growth. And, according to Golden Matrix CEO Brian Goodman, this trend is expected to continue and most likely accelerate.
Got my stash :)
Shouldn't have sold lololol ;)
Agree, nice to see some new investors taking notice here.
Anytime :)
Yes, it will be reduced:
The effective date for the reverse split will be determined by the Financial Industry Regulatory Authority (FINRA). On the effective date, every 150 shares of issued and outstanding common stock will be automatically exchanged for one issued and outstanding share of common stock, resulting in about 19 million shares post-split. The authorized shares of common stock will also be reversed at the same ratio and be reduced to 40 million shares from 6 billion shares.
https://www.otcmarkets.com/stock/GMGI/news/story?e&id=1584230
Good post worth repeating:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155247194
Put it another way: when everyone & their grandma is posting & loves the stock, it is closer to the peak price than the bottom. GMGI is nowhere near that stage.