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Absolutely agree. Makes sense why GMGI changed their year end and cut their 4th quarter short by a month to align themselves with the new acquisition. More and more details will be revealed in time that will result in heavy, strong buying returning here. Shorts here are toast. They can't hold the price down with strong buying. This bullsh*t we keep seeing here lately has been manipulated lower, on low volume I might add. Some big, rising bids along with solid ask slapping will force some short covering. Either way, Nasdaq uplist changes EVERYTHING here. IMO!
PokerStar
I've seen this pattern more than once in my 35 years of trading. Great news comes out about an acquisition and shorts, who were surprised by the news, continue to short it more, trying to cover as cheap as possible. Because this news, although I believe it to be great news, was not the uplisting to Nasdaq announcement we've all been waiting for, the news was received like most other great growth news received in the past. This time though, I believe this strong news, once disseminated through the market will cause some serious buying, especially down under $8, where the acquired company's restricted stock is valued at. In time, we could easily recover all the losses incurred here in share price over the last month, when we were ready to challenge the $9 mark. We're in good hands here. In Brian Goodman we trust! An onslaught of buying will happen soon. Today??? Maybe. All it will take is some nice big bids and some ask slapping to turn things around in a hurry. My guess is with the way the entire market was raped all week, we'll see some strong power hour buying, and some serious buying and price increases next week. All in my opinion!
PokerStar
All the block orders either dumped into the bid or taken off the ask. Nothing left on the ask......looks like they've covered now and are ready to let it run back up now. IMO.
PokerStar
This sector will do nothing but continue to grow. What morons don't seem to understand is that online gambling gets more revenues because of a potential new Covid scare, not less revenues. You could actually say that GMGI is Covid protected as a downturn in the market should not affect us. In fact, a downturn and another possible lockdown will send more and more gamblers to online gambling to get their fix. As all this goes on and GMGI continues to be a profitable, stable and is growing it's revenues all the while as a group of shorters continue their attack on our share price. All these games with a Nasdaq uplist announcement that could come at any moment. That's why I think this is a concerted effort by MMs to keep shorting this to get as many shares in their coffers for when the announcement comes and this goes ballistic. IMO of course.
PokerStar
Another 10,000 share ask slap like this morning and we close above $8
PokerStar
CSTI and VERT undercutting each other continually on the ask. They keep doing this and some keep selling into the bid driving this lower. When does this insanity end? Got more bids filled that I wasn't expecting to ever fill.....ever.....let alone today! Under $7.....lol.....this is a joke right? Going to be some sorry sellers next week, IMO.
PokerStar
It's very possible and sure suggests something may be brewing. Regardless of what's going on in the background, why are all my holdings getting raped this week. Every holding in my portfolio has taken a big dive this week....enough of this shorting nonsense. This is getting ridiculous.
PokerStar
Just a matter of time Gary. I kind of expected this short trading week to be lackluster, but I also wasn't expecting us to be back in the low $7s after breaking into the low $8s briefly yesterday. The games continue and I'm with everyone here thinking it's about time for the games to end. I know that I've certainly had enough with these games!
PokerStar
Yes sir.....shorting will be the death of retail involvement in the market. Shorts are a pain in the *ss and shouldn't be allowed ever, by retail or MMs. This is all about the rich greedy pr*cks getting richer. Only good thing about their games is it gives retail a chance to add some more cheapies.....if one can take advantage of the dip.
PokerStar
And again....just like yesterday, minutes after my post about shorting, they dump another 2k into the bid to lower the price more and undercut the ask. Over and over, day after day. Ready for more shares if these crooks keep taking us lower. My traps are laid out and ready for them.
PokerStar
Well, by today's action, shorts are at it again. Don't sell them shares in fear. This too shall pass as it always does.
PokerStar
Almost 5 times the normal volume today with only about 1 million more sells than buys yet they were able to drop it below 50 cents. I think many are thinking a lot more dution is coming and are selling and will be waiting on the sidelines here, waiting for a clear bottom to emerge.....where that bottom is....I have no clue, but I think things get a lot uglier before things turn around. Real patience is now needed to hold firm.
PokerStar
No doubt about it! What's funny is if one compares GMGI with another comparable company in our sector, the games here and the discrepancy in share valuation is a joke. Using EBET to compare...(they trade on Nasdaq and have roughly half our outstanding share count.) They reported a loss of almost 4 million, last quarter alone, and may be years before they are profitable and are trading @ $32.58 today. GMGI on the other hand have been profitable for 12 straight quarters, reported increased revenues of over 1 million in their last reported month and we trade on OTC markets highest and most respected tiers and we trade under $8.00 so far today.......can anyone explain why unless this is being artificially held down. There is only one reason we are not trading at a valuation at a very minimum of half of what EBET trades at......NASDAQ baby! Half of their valuation at today's rate would be roughly $16.30. So how is it even possible for a growing company with a profitable history possibly be trading under $8.00???? Manipulation because these crooked trading groups and MMs want as many shares as possible before the NASDAQ uplist increases our valuation over 100% on day one of trading. Some here can't see through the bullsh*t here and fall for their games. Wake up people.....Y'all going to look pretty silly when the uplist announcement happens.
PokerStar
Lol...and a few minutes after my post, they dump 1,000 shares into the block bid @ $7.51. Too funny! Do you think these crooked pr*cks read this board? Lol.
PokerStar
It sure appears to me that MMs or a group shorted this down from low to mid $8s to mid $7s again. As long as we wait for Nasdaq uplist news, we'll be at their mercy. All they need to do is put a few block orders on the ask, then they dump into a big bid and they continue to undercut the ask to entice selling by weak hands. I want these crooks to get caught with some after hour news that forces these crooks to cover and stop playing these games with GMGI. Nasdaq uplist will end all these games as most pink sheet investors are not investors at all.....just short term holders, looking to make a few hundred bucks on a trade. I'm here loading every dip if they occur, when I can. Now we just all wait together for the glory days that will come with Nasdaq. Then we'll finally be measured for our strong growth, negligible short term debt and all around super strong balance sheet. Savvy investors, investment groups and deep pocket hedge funds will be loading all they can when they're able to. Until then, these two bit crooked groups and MMs will dictate the short term price. I don't even watch level 2 on this very closely anymore. I'm like everyone else, PAY-thiently waiting. I do have some orders in, as always. I like to have orders in, just in case they try another bear raid, and maybe get some fills, if this happens again. I don't expect one, but anything is possible with these dirtbags. Our time will come and those non believers that fall for these games will be left behind in a cloud of smoke! IMO, of course!
PokerStar
Exactly Britt! Something big is a brewing and they are doing what they can to accumulate before the uplist sends this into the stratosphere! IMO of course!
PokerStar
Just now....a $64,000 ask slap, taking out everything on the ask, up to $8.43, followed by an undercutting by VERT @ $8.37......WHY, YOU ASK? Because they are trying their darndest to hold this back while buying all they can from the bid at a discount.....open your eyes folks and stop feeding these losers on the bid! You want to sell? Sell on the ask or higher.
PokerStar
It's quite obvious that OTCX is not done loading for the upcoming release of major news events. Although we've seen buys as high as $8.48 today, OTCX keeps throwing a 3,000 share block undercutting the ask. Use your heads folks! If traders are ask slapping to almost $8.50, why would a legit trader be so damn horny to sell for a discount and 3,000 shares at a time? I'll answer that for those that can't figure it out on their own.....they DON'T! OTCX has been the axe here for days, undercutting the ask and buying all they and their crooked fellow MMs can from weak hands. With next week being 2 weeks beyond the new year end, I'm sure Brian will be putting out a little hint via Twitter account about the new year end numbers. MMs are taking advantage of the quiet period to try and shake a few more shares loose. Those that fall for these games will be so upset with themselves for not having a little more patience as we enter an exciting time period for our gem of a company. Time is running out for these crooks to get away with their games. Nasdaq and deep pocket, savvy traders, will send this to new highs and make your head spin. The sellers from today and earlier will be tripping over each other, putting in buy orders for .25-.50 cents above the ask in the hopes of getting some of their orders filled, fighting with Nasdaq traders building their positions, while the price soars as longs watch their accounts green up $10-25,000 daily . Shortsighted sellers will be looking for a room in a psychiatric hospital!
PokerStar
I think it's great. There are many good reasons to increase the A/S count, from having the flexibility to complete large deals from potential acquisitions, mergers, etc.....to protection from a hostile takeover. If the company was bleeding cash and had an failing business model, action like this by the company would have caused a stampede to the exits because major dilution would have been the next company action. Luckily for shareholders, this action that was taken is a major positive in my books. We are one of the only profitable companies in our sector with no long term debt, ZERO TOXIC debt, almost 14 million cash on hand and looking to EXPAND GLOBALLY!!! anyone who thinks this is bad for shareholders are either blind, have no basic understanding how companies grow their businesses and/or have their own agenda. We could be shear hours or days away from the Nasdaq uplisting GMGI has been feverishly working on for months. I expect any deals being worked on won't be brought forward until AFTER the Nasdaq uplist is completed. So far, we have seen all the good work already done and announced was never well received while on the Pinks, and now that we are OTCBX, not much has changed. EVERYONE is waiting to hear about NASDAQ......nothing else seems to matter. Patience folks is all one needs here. Buy it today and let your money and Brian go to work for you. The future is super bright if one is willing to set it and forget it. The ONLY reason I even have GMGI on my watch list on level2 is in case there is a major dip and another buying opportunity to add more to the pile. If anyone here is worried about the share price going up or down a dime here and a quarter there are not looking at the BIG PICTURE. The daily price fluctuations are a normal, every day occurrence in the market. I'm here for what GMGI will become in time.....the writing is on the wall folks. Know what you own and it's easy to sleep at night.
PokerStar
What a huge surprise.....no trades at all for another month. LOL....NOT! Is this turd ever going to trade a share? Lol.
PokerStar
Agreed! Steady accumulating ongoing with very few sellers. Buyers are slapping the ask for the most part. A few are getting small fills on the bid, but nothing big. If we finish the day with some stronger volume, in the range of 40K like we've been averaging the last 2 weeks, those shares will need to be bought from the ask. Small block at $8.50 and very little showing above that price point. Just need a couple of good ask slaps to cause some fear in the bidsitters. Once this starts to move, it can move up in a hurry. We didn't see our 10-15K early buys today. Trading strong but light volume. I'm expecting that power hour will be stronger than most Fridays, IMO. I'm going to help push this higher end of day. Nothing like increasing your position ahead of many catalysts and greening up my already super green GMGI holdings.
PokerStar
Okay longs.....get the small block at $8.15 to the top of the ask and I'll take it out myself.
PokerStar
Buys are 3 times more than sells. Buyers are getting impatient and sellers have dried up. More big block buys going through and we are back over $9 in a heartbeat. Nasdaq continues to be one day closer and with what is expected to be another green quarter showing improved revenues and profits although the quarter was cut short by a month. News about the new year end should come soon as well. So many catalysts upcoming, it's not hard to understand the lack of sellers. Another strong volume day sets this on fire. In the last 2 weeks since EF Hutton has been involved, we've witnessed stronger buying and increased volume and liquidity, which is very healthy. More and more solid green days ahead.
PokerStar
Wow.....great returns here. I wonder how anyone here expects the price to move up when the longs don't have enough confidence to even slap the ask. If this was such a gem, I wonder why it's only traded about 4000 shares in over a year? Scam or the next pump and dump. Either way, garbage at it's best.
PokerStar
Hard to fight shorts especially when they are selling air shares. Their games here will end soon. They can't artificially keep this down forever!
PokerStar
Ahhhhh okay.....
PokerStar
I'm not sure who could be selling considering GTSM just keeps covering while showing 10K on the bid, yet covering millions in the process. Wake the hell up sellers!
PokerStar
Exactly.....mind you they covered over 100 million yesterday between the tight bid and ask all day long, in 20K orders, at roughly 220,000 every minute. I wonder if they start those games again?
PokerStar
GTSM is the only MM on the bid at .0025 showing 10K, but absorbing everything. Can we say SHORTY!
PokerStar
A break of .003 sends this! All aboard!
PokerStar
Yes Britt, I noticed that as well. I've heard nothing but positive feedback when doing my DD on EF Hutton. This firm will facilitate our Nasdaq uplisting and I'm sure we continue to get closer by the hour.
PokerStar
Talk about another solid trading day of more accumulation. Over 60K in volume at an average price of $7.49. Another big block seller appeared to be selling today or someone was shorting us again, but the price was strongly supported in the low $7.40s. There were a few good sized trades and by the end of day, it looked pretty thin on the ask, which resulted in a green close @ $7.60. News is coming soon, IMO, as Brian has always given some hints on upcoming quarterly report numbers. As this quarter has ended on Sunday, I'm expecting him to either release a PR or a Tweet about this shortened quarterly. I'm also expecting an update about the recent 14 new operators and also about the recently signed agreement. Lots of catalysts coming here. How these dirty MMs or this group shorting us still have control here on the share price is mind boggling. Nasdaq announcement possible any day and just how we have consistently increased revenues and profits, it makes no sense that there is not any stronger buying before all these news events happen. I shouldn't say that because we actually have had strong buying, we just ran into a big seller or shorters today. Otherwise, we would have breached $8, IMO. Tomorrow could be a whole different ballgame and the same buying without a big seller in the way, and we could see a nice steady price increase. GMGI....long and strong baby!
PokerStar
I've never seen anything like this ever before. It appears to me that after the pop to .0029 on Friday, these MMs let retail run it up on higher volume only to begin shorting another few hundred million. F*cking sickening that these dirty pr*cks continue to get away with robbing retail, day in, day out. This one got the best of me. I'm totally lost on what to do next.
PokerStar
Checking the tape, these non stop 20K trades, about 240,000 per minute, traded between .0022 and .0023. They've covered over 14 million shares so far today and the ask never changes. Too funny. Going to explode higher here at any time now.
PokerStar
I'm not getting the reasoning behind non stop 20,000 share orders between an already tight spread. I niticed the same trading pattern on Thursday of last week as well, before it popped back to .0029.....maybe another pop is incoming. Just need a few good ask slaps and some strong bid building to continue and to begin rising higher.
PokerStar
Lots of eyes on us. After 2 real solid accumulation days and increasing volume, we are ready for a major move north here.....all aboard! Tomorrow will be a gap up and run day, IMHO.
PokerStar
I hear you buddy. With it being Friday, the way it was manipulated lower wasn't a surprise and for those that haven't noticed, it was all done on light volume in the last 2 hours. I also wouldn't be surprised to see some serious buying, right out of the gate on Monday, and a gap open around .0027-.0028 and break through .003 before lunch. All in my opinion, but heavy buying returned with many more buys than sells, and that should have alerted a lot of peeps that still have us on their watch list that a reversal is just beginning. The next leg up is upon us in the coming week and with a little update from the company and going Pink, that should help to sustain the heavy buying and price gains.
PokerStar
I'm with you Britt.....I'm not sure what or who this would benefit, so I'm thinking that it has to have something to do with satisfying Nasdaq or getting things lined up for Nasdaq uplist. Peeps here already seem to forget we just had a 400K share volume day, which is close to 40 times our daily average. History has shown across a multitude of tickers that when an unusually large trading day like we had, it USUALLY translates into a near future major run up. Generally, within a week or two following a heavy trading day like that, major price explosions happen. Everything seems to be lining up for our long awaited Nasdaq uplist, then watch and see just how valuable and in demand our little, tightly held, low floater gem is. Heavy sustained volume, due to the uplist of one of the few profitable entities in the entire sector, is due to explode to a more realistic valuation. With the growth potential here, off the charts with the right acquisition, it's a matter of time before it happens. My gut tells me, after the last update from Brian about the uplist to OTCQX and the statement made that we now have a clear path to Nasdaq, that December 1st was my target. I may very well be wrong, as it may take longer or it may come sooner. For those that think an uplist to Nasdaq will only have a minimal effect on the share price will be taught a major lesson. Like we all saw with EBET's Nasdaq debut, it was priced at $6 and rose to over $70.00 before scalling back on the first trading day. I always use them as a comparable, but we are a better, and profitable company. Great days ahead for those with a little patience. The NASDAQ uplist will be a long term game changer.....watch and learn folks! I neglected to mention that EBET was trading over $35 a few weeks ago and is now trading over $28. Not bad for a new company that are prolly a few years away from being profitable.
PokerStar
I'm with you. We need to keep getting greener to signal to other traders that this isn't another head fake. Still too many flippers that bought .002, flipping at .24 and 25. Once we get through them, maybe we can see double 3s. We'll see.....
PokerStar
Oh my....
The first green I've seen in over a week. I think I'm starting to get a little erect, which is not that usual for a man my age. Lol.
PokerStar