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Although it may seem counter intuitive, I appreciate these cheap prices during recent months. I didn't have a pile of cash when I found this gem, but I have been able to constantly accumulate MORE and MORE shares over the last 6 months.
I will continue to do this at these prices as long as GMGI Golden Matrix group continues this fantastic growth! It's just a matter of time before a OTCQB upgrade puts this in the hands of many institutional investors, worldwide. My opinion, however it is backed by tons of facts. Happy New Year to all!
yeah, only up 400%+ this year :)
That would depend on your point of view. Cheap shares at.004m looks like a Christmas present to me.
Good morning GMGI, 2020 on our door step. Should be an interesting year for Golden Matrix group.
Good morning everyone!
GMGI A sub penny stock with a PE and profits, unheard of (7.81), 9 quarters of profits and growth, no toxic debt, $1.73 million in cash on hand, $2.88 million in sales. Current with the OTC, Great management, great growing industry. When the stock raises above one cent it's a short path to a OTC upgrade OTCQB and a large audience of institutional investors, IMO. It does not get any better than this folks. Cheap shares. Got mine.
Merry Christmas all!
Comic relief, :) Buying
What's the day looking like, anyone have their L2 ears on yet?
Good morning everyone! Looks like a great day to accumulate more GMGI!
Good morning all! I have been absent a while, due to health. Still Long and strong. Will continue to accumulate this great stock and company. I have not sold a share.
Scroll thru to see what's coming:
https://www.instagram.com/p/B39tVh8A_bi/
“The GMGI business model is highly scalable,” said Mr. Goodman, “and the company’s goal in fiscal 2020 is to expand our customer base globally as we integrate additional operators, appoint more distributors and launch new synergistic products. We are committed to generating consistent long-term performance with sustainable growth in revenue while maintaining marginal increases in expenses.”
Golden Matrix Reports Net Income of $1.77 Million on $2.88 Million in Revenues for Fiscal 2019
Provided by GlobeNewswire
Oct 23, 2019 8:20 AM CDT
LAS VEGAS, Oct. 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Golden Matrix Group Inc. (OTC: GMGI) a technology-driven company that designs and develops social gaming platforms, systems and content, today announced that for fiscal 2019 ended July 31, the company reported net income of $1,769,908, on revenues of $2,882,213. This compares with a net loss of $1,318,373, on revenues $915,804.
Revenues in 2019 - derived primarily from licensing fees received from gaming operators located in the Asia Pacific (APAC) region - were generated during the entire year, whereas revenues in 2018 were generated only during the last five months of the fiscal year and subsequent to the acquisition of the company’s proprietary gaming technology.
Golden Matrix achieved a 63 percent operating margin in fiscal 2019. Net cash provided by operating activities was $1,451,934 versus $302,716 in fiscal 2018. Cash and cash equivalents of $1,731,095 at year-end 2019 was a 288 percent increase on $446,581 at year-end 2018.
“We are extremely pleased with the company’s continued revenue and profit growth,” said Golden Matrix CEO Brian Goodman. “It clearly demonstrates the acceptance and reputation of GMGI’s powerful state-of-the-art gaming platform and popular gaming content.”
Mr. Goodman noted that the Company now has more than 1.5 million registered users across all gaming operator platforms and is currently integrating additional operators to expand this usage.
“The GMGI business model is highly scalable,” said Mr. Goodman, “and the company’s goal in fiscal 2020 is to expand our customer base globally as we integrate additional operators, appoint more distributors and launch new synergistic products. We are committed to generating consistent long-term performance with sustainable growth in revenue while maintaining marginal increases in expenses.”
For additional information on Golden Matrix’s fiscal 2019 performance, please refer to the Company's 10-K filing at https://www.otcmarkets.com/stock/GMGI/disclosure or www.sec.gov.
A summary of the Company’s performance and highlights can be found at
www.goldenmatrix.com/highlights.
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.
There are countless players and investors in a broad range though out the many stocks and markets. Frankly over 95% do not have the skills, experience, and insight to be successful with stock selection and adequate profits. This is not just my opinion. It's a statistical documented fact.
Until the emotions begin to play on larger volumes and price movement, when fear and greed become factors, then you will witness what many grow impatient for. Patience is part of a successful strategy. In the end, it will be fundamentals that dictate. GMGI is very rare. There will be many emotions that take part first. A technical understanding is a useful tool, but the fundamentals will be what dictates.
The masses always come very late to the party and miss that real leverage that can change a person's life. I have seen nothing to date to change my opinion. I continue to buy and accumulate.
+90% Golden Matrix Group (GMGI) Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend. A triangle indicates the presence of a very strong trend that is being driven by strong forces.
The Trade Triangle are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles.
MarketClub’s Trade Triangles for GMGI +90%
The long term trend has been UP since Apr 19th, 2018 at 0.00100000
The intermediate term trend has been UP since Oct 23rd, 2019 at 0.00650000
The short term trend has been UP since Oct 22nd, 2019 at 0.00550000
Good morning everyone! Great posts yesterday, nbketz4!
I see No scam here. But, I don't think a buy back is needed. They will reach the goals without it. Steady as she goes, I trust the decisions. The track record proves that.
Yes, the acquisition or merger with a smaller or larger company would be a big financial gain, it would also expose GMGI instantly to the other companies entire following. To include the stock holders and financial advisors.
All of this nonsense, will fall by the wayside eventually. It may come as a wave, or systematically, but it will come. You will want to be on the right side of the trade, before it does. When just one heavy hitter person or organization discovers and realizes the potential of this company GMGI, it will spread like wild fire. If you are one of the many just watching the parade, it will be too late to Buy cheap, imo.
Personally, I have been Buying GMGI several times every month and accumulating. Constantly doing deeper and more due diligence along the way. I fully realize no one can predict the future. That said, I do believe Golden Matrix Group (GMGI) will be a dollar stock one day, probably some time in 2020. I see us passing the one penny mark before years end, soon after filing for a OTC QB Tier upgrade. Exposing us to Institutional Investors, and a much wider audience. The trip to multi pennies, a nickel, dime and on will be brisk. At these levels now, I am still a Buyer, as it makes bolder moves, I will continue to accumulate on the dips.
I have been in the market a very long time, and GMGI is very rare. If you can afford a million shares, Buy them! If you can get multi millions do it. I'm serious.
I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are rare opportunities like (GMGI) Golden Matrix Group.
“The GMGI business model is highly scalable,” said Mr. Goodman, “and the company’s goal in fiscal 2020 is to expand our customer base globally as we integrate additional operators, appoint more distributors and launch new synergistic products. We are committed to generating consistent long-term performance with sustainable growth in revenue while maintaining marginal increases in expenses.”
Golden Matrix Reports Net Income of $1.77 Million on $2.88 Million in Revenues for Fiscal 2019
Provided by GlobeNewswire
Oct 23, 2019 8:20 AM CDT
LAS VEGAS, Oct. 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Golden Matrix Group Inc. (OTC: GMGI) a technology-driven company that designs and develops social gaming platforms, systems and content, today announced that for fiscal 2019 ended July 31, the company reported net income of $1,769,908, on revenues of $2,882,213. This compares with a net loss of $1,318,373, on revenues $915,804.
Revenues in 2019 - derived primarily from licensing fees received from gaming operators located in the Asia Pacific (APAC) region - were generated during the entire year, whereas revenues in 2018 were generated only during the last five months of the fiscal year and subsequent to the acquisition of the company’s proprietary gaming technology.
Golden Matrix achieved a 63 percent operating margin in fiscal 2019. Net cash provided by operating activities was $1,451,934 versus $302,716 in fiscal 2018. Cash and cash equivalents of $1,731,095 at year-end 2019 was a 288 percent increase on $446,581 at year-end 2018.
“We are extremely pleased with the company’s continued revenue and profit growth,” said Golden Matrix CEO Brian Goodman. “It clearly demonstrates the acceptance and reputation of GMGI’s powerful state-of-the-art gaming platform and popular gaming content.”
Mr. Goodman noted that the Company now has more than 1.5 million registered users across all gaming operator platforms and is currently integrating additional operators to expand this usage.
“The GMGI business model is highly scalable,” said Mr. Goodman, “and the company’s goal in fiscal 2020 is to expand our customer base globally as we integrate additional operators, appoint more distributors and launch new synergistic products. We are committed to generating consistent long-term performance with sustainable growth in revenue while maintaining marginal increases in expenses.”
For additional information on Golden Matrix’s fiscal 2019 performance, please refer to the Company's 10-K filing at https://www.otcmarkets.com/stock/GMGI/disclosure or www.sec.gov.
A summary of the Company’s performance and highlights can be found at
www.goldenmatrix.com/highlights.
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
Scott Yan
info@goldenmatrix.com
www.goldenmatrix.com
Excellent! Good morning everyone, Woot.
Anyone want to comment on that re-occurring 3mil on the Bid?
Good morning everyone. Superb job on the facelift nbketz4!
The shampoo bottle holds the secret.
GMGI Golden Matrix on Track to Record Seventh Straight Quarter of Rising Revenues.
Just Rinse and Repeat.
The online Mobile, Global Casino Gambling industry is very young in it's growth cycle. As an industry it is growing by the billions of dollars. If you put the dozen or so APAC countries in perspective as new potential customers, it is huge. GMGI is currently doing very well, yet look ahead. We have 1.5 Million registered users last count, but the number of mobile registered accounts possible is in the Billions. That's over a thousand fold potential.
If GMGI simply continues its growth, just keep repeating what its doing, we have a very prosperous future ahead. The OTCQB is quite realistic as a short term goal, imo.
Spot on!
When you also take in consideration APAC is the fastest growing region for Gambling and the fastest growing Global online users, coupled with Mobile Casino Gambling as the best growing segment of the industry, you have quite a winning package with GMGI, imo.
I would speculate the addition of the new distributor, will kick GMGI Golden Matrix over a million in earnings per quarter. Any thoughts on this?
“This unique relationship with the Master Distributor will greatly expand the distribution and reach of the 3 Kingdoms portfolio,” said GMGI CEO Brian Goodman. “It marks a milestone for our company and recognition of the GM-X System and its gaming content and should help GMGI to exponentially grow its market share, user base and revenues in fiscal 2019 and beyond.”
Yes, but I can't remove their sticky post of my last one, so it would be duplicated:)
I posted the updated news, Goodbuddy stickied my last one, so it needs to be changed by them. Thank you.
Tons of Great news. Annual Financials Due Soon!
Golden Matrix on Track to Record Seventh Straight Quarter of Rising Revenues
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-GMGI/stock-news/80907911/golden-matrix-on-track-to-record-seventh-straight
Golden Matrix to Provide Company's GM-X System to One of Asia's Largest B2B Gaming Distributors
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-GMGI/stock-news/80661037/golden-matrix-to-provide-companys-gm-x-system-to-o
GMGI Golden Matrix Sees “Continued and Significant” Revenue Growth Aided by Recently Added Chinese Traditional Gaming Portfolio
https://finance.yahoo.com/news/golden-matrix-reports-q4-revenue-132000343.html
Golden Matrix on Track to Record Sixth Straight Quarter of Rising Revenues
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-
GMGI/stock-news/80346727/golden-matrix-on-track-to-record-sixth-straight-qu
Golden Matrix's Exclusive Online Chinese Table Games Generating Over $350,000 in Daily Wagering
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-
Golden Matrix Reports Net Income of $279,323 on Revenues of $737,169 for the Third Fiscal Quarter of 2019
https://ih.advfn.com/stock-market/USOTC/golden-matrix-group-inc-GMGI/stock-news/80070303/golden-matrix-reports-net-income-of-279-323-on-re
The Rise of Online Gambling Market In the APAC Region
https://dazeinfo.com/2019/01/11/online-gambling-market-apac-growth/
Good morning everyone! :)
Good morning everyone! :)
Good morning everyone! :)
A mere $5k buys a million shares! What's a million nickels worth? That a big enough hammer? :)
Snap out of it. It's a no-brainer, Casino gambling on your smart phone introduced to a community kept in the dark that love to gamble. There are 2.5 Billion mobile registered users there. We have 1.5 million now producing about a million dollars in revenue per quarter.
That leaves over 2 Billion more to sign up. GMGI just cut a deal with one of the largest casino distributors in the entire Asian region, half the world's population! Do the math.
Indeed! GMGI on Track to Record Seventh Straight Quarter of Rising Revenues First fiscal quarter 2020 revenues expected to exceed $800,000 And growing.
Show me another sub penny stock doing this and I'll buy it.
How can anyone loose faith in a company for great earnings and growth? We know when earnings reports come out for all companies. Nothing has changed, just because someone is inpatient, it is NOT going to change reporting dates.
And NO additional shares are being issued. This filing is done each year, allowing companies to use outstanding shares as incentives to their employees. Most corps do it, its a good way to keep and buy employee loyalty.
Indeed! :)
Don't be part of the 95% of investors that can't even beat the markets 10% annual profits average! Don't allow fear and greed to play on your decisions. Winners are buying when the crowd is selling (and the price is low). When the crazies are fighting to buy at a nickel, dime, etc. you are the seller.