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I know Dadof3 and I understand. And you know as well as I do, how other's try and steal your shares at a discount. We all want the profit "now", I get it. But patience is really a virtue with rewards.
The form is filed every year, standard.
Nothing has changed, the fundamentals of GMGI remain as they were, strong. As does the potential continued growth. We all know when the annual financials are due, in two weeks or less.
Just because someone becomes impatient, and sells a few shares is hardly an issue. It's also obvious the MMs are playing into it. Moving the spread and PPS lower on a mere few 100k shares. Weak hands are easily shaken and they can bail. Smart money buys when prices go on sale, certainly when there is no valid negative news and only positive.
If you have done your homework (DD) you know this company is strong, as you should have when you bought in. You then see it as an opportunity for accumulating cheap shares.
SEC Form S-8 allows public companies to register securities it offers as part of an employee benefit plan. It's just the annual filing, preceding the end of year financials.
Good morning! :)
Little use for an RS or dilution from GMGI. They have 7 quarters of audited revenues, and cash in the bank. So neither move is useful or profitable to the company. The growth is steady, and most of us are willing to hold on long term. Considering the alternate stock choices, it looks much better from here. Only a couple weeks or less to the annual financials.
It's real simple; it's a gambling casino on your smartphone or tablet. Real money, big money. The fastest growing gambling platform, in the fastest growing mobile location. GMGI owns the platform (operating software) and many gambling card and table games. They license International Casinos who sign up registered users. The Casinos pay GMGI a licensing fee and percentage of the income from gamblers in the Asian Pacific. At the moment they have over 300 Casinos and over 1.5 registered users. In a market of Billions of potential new customers
Good morning!
Considering most Pinks have no earnings, it's difficult to compare. :)
I know one thing for sure, I would rather be accumulating at half a penny, than at a nickel.
I think part of that price boost is in this recent quote. "Matrix is now in an excellent position to consider opportunities for corporate expansion. As a result, we are pursuing several timely options and will keep our shareholders advised of developments as they occur." said CEO Goodman.
The current path is leading us directly to the OTCQB.
I think a buyback would be a complete waist of money, better spent elsewhere. There are many stocks trading at multiples with comparable floats. Simply the upgrade to OTCQB would expose GMGI to Brokerage Firms, Institutional buyers and the "whales".
GMGI Golden Matrix News! Fiscal Annuals very 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-
GMGI/stock-news/80176407/golden-matrixs-exclusive-online-chinese-table-game
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
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 opportunities.
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.
Twitter -https://twitter.com/GMGI_Group
Instagram - https://www.instagram.com/goldenmatrixgroup/
Golden Matrix Group
Tel: (702) 318-7548
Scott Yan
info@goldenmatrix.com
www.goldenmatrix.com
GMGI Golden Matrix News! Fiscal Annuals very 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-
GMGI/stock-news/80176407/golden-matrixs-exclusive-online-chinese-table-game
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
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 opportunities.
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.
Twitter -https://twitter.com/GMGI_Group
Instagram - https://www.instagram.com/goldenmatrixgroup/
Golden Matrix Group
Tel: (702) 318-7548
Scott Yan
info@goldenmatrix.com
www.goldenmatrix.com
Gazing into this shareholders crystal ball, I see:
We are averaging about $700k plus revenues quarterly and growing? The Annual this last year should come in strong very soon. With the latest new distributor, it would not surprise me if we went to about $1 mil earnings quarterly come the second quarter. Last time I looked the profit margin was about 50% (49.1).
I think $4 mil in earnings this next year, even with out any further growth is conservative. We also know the market and the mobile users are growing in leaps and bounds. Breaking a penny in the near future seems a reasonable assumption as well. Followed by Goodman filing with the OTC for a QB upgrade soon after. Rules require 30 days above a penny to file, audited financials, and a clean bill of health. Just the filing I would think, would stimulate quite a movement in pps.
Money in the bank, solid earnings and cashflow, growth and no doubt positive surprises in the pipeline too. I'm going to keep accumulating and hold out for the big payday.
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-
GMGI/stock-news/80176407/golden-matrixs-exclusive-online-chinese-table-game
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/
I am still accumulating and clearly see .02s,3s... and beyond.
This confirms, people continue to play the casinos in the most turbulent of times. Golden Matrix on Track to Record Seventh Straight Quarter of Rising Revenues! The Annual financials will obviously be great as well, within the next week or two. In addition to a positive surprise or two, imo.
"Matrix is now in an excellent position to consider opportunities for corporate expansion. As a result, we are pursuing several timely options and will keep our shareholders advised of developments as they occur." said CEO Goodman.
Good morning! :)
I agree. I prefer being kept informed of progress as well. On the flip side, companies than continually put out fluff in their "News" will be turned away from the smart money later.
I believe Goodman is trying to march forward armed with only solid updates, worthy of an upgrade and institutional investors later. In reality, it's a short walk to above a penny, and 2-3 cents can be seen within weeks time. I see it all the time.
GMGI Golden Matrix would have all they need to file for an OTC QB Tier upgrade. That would bring wide exposure to brokerage firms and institutional investors in short order, imo.
I don't think it makes a difference. Statistics and facts prove the typical investor obviously can't tell the difference between BS and reality. There is already very little "hype" on this board. Primarily the group continues to offer solid fundamental facts. As the majority out there continue to chase the bullcrap. Short term players like flippers are not all bad, they add volume and liquidity, and keep the MMs paid.
In addition, without volume and movement, no one notices you. GMGI is unique among the pennies, it has solid earnings in a vastly growing industry. At 3 cents, they will be falling over themselves to buy, imo.
Good morning!
Not everyone, many of us continue to accumulate and buy additional shares at these cheap prices.
GM! I'm awake, I'm awake :)
In limbo it seems. Etrade
The official commission schedule is that we charge $6.95 or $4.95 for OTC trades in accounts with us since our latest adjustment to our standard commission schedule.
However, at this time, we are still working on a way to help our systems differentiate between OTC stocks and listed stocks.
So at the current moment, commission is not being charged on OTC stock trades, BUT it could be charged at some time in the future.
Just going by what they state on the fees. https://us.etrade.com/what-we-offer/pricing-and-rates
Reading the fees on Etrade, says 6.95 or 4.95 or OTC ??
Good morning :)
I agree, the stock has the ground work laid for multi pennies. I see this period as a great opportunity to accumulate more shares.
There are also person(s) selling larger blocks periodically. Perhaps simply for profit, accumulated earlier this year. There has been quite a upward move in price. imo
I don't think it is anything other than impatience and light volume, as we wait for the Annual financials(10-K). The MMs like to make a few bucks and will manipulate the Bid and Ask spread to do so, imo. I am holding and accumulating at these low prices as they present themselves.
NO selling here, only Buying. I continue to accumulate. Nothing has changed fundamentally, probably stronger.
Good morning! It seems the Pinks are not considered by the Brokers that went to zero commissions as listed on the "exchanges". Hence, do not qualify.
GM! I have both those brokers. So where will they make their money? Widening the spread perhaps?
I think a lot of daily activity in pennies is short term. Also high volume and price movement get the attention of everyone. GMGI at sub penny has little room for flipping.
Golden Matrix WILL break above a penny soon, imo. This alone will bring in volume and longer term investors. Then it's a short trip to the 2s and 3s.
Gm, just Buy on the "downs" and keep smiling.
Market Trends in the Gambling and Casino Industry Revenue And (GMGI) Golden Matrix Group hits many high points. Sept 2019
"Today more than casinos, online gambling and betting sites are ruling the roost and calling the shots. According to Online Gambling Quarterly, 61% of gambling operators’ revenue comes via mobile devices...
Other factors such as the rising popularity of block-chain technology, cashless opportunities, bonuses, etc. have really catapulted the industry towards a different direction...
There is no doubt that online gambling has completely changed the industry. Within a few years, the unprecedented growth of online gambling platforms has catapulted the popularity of gambling...
The Asia Pacific market is currently bringing in the largest share of revenues. Gambling is particularly popular in Macau (which incidentally also has the best casinos in the world), Australia and mainland China and Hong Kong. The reason why gambling is increasingly getting popular in the APAC region is because of the rise in per capita income, the penetration of smartphones and rising popularity and know-how of mobile gambling apps...
If market trends are to be believed then the gambling and casino industry is poised for further growth in the upcoming years. Technological innovation will continue to drive the industry."
https://yourstory.com/mystory/market-trends-in-the-gambling-and-casino-industry-