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No doubt whatsoever, long term for me.
2nd quarter (fiscal year) ends July 31st. We should see financial results about 4 to 6 weeks after that.
Goodman never makes promises-under-promises & over-delivers $$$$$$$$$$$$$
How many businesses are declaring bankruptcy? How many were severely impacted by the virus? Yet GMGI still managed a quarterly profit-I would say that's SPECTACULAR $$$$$$$$$$$$$$$$
Yup, moving on.
Yup-case closed
The profit was lower because of a one time charge-nothing to do with operators or number of users-which keep on growing.
Net income reported in the first quarter was impacted adversely, by a non-cash amortization expense of $259,560. The company’s operating profit for the quarter - excluding derivative expense - was $520,795.
Golden Matrix CEO Anthony Goodman noted that while the Covid-19 environment had created certain challenges to operations, such as an impact on GMGI’s technical resources and sales team due to current travel restrictions, the company has shown resilience and achieved its 7th consecutive profitable quarter. “Toward the end of the quarter,” he said, “we saw a significant increase in the number of casino operators seeking to create an online presence. The integration process with these new operators, while initially slow due to the impact of the pandemic, is now accelerating and expected to boost revenue and profit growth moving forward.”
The company said acceleration of revenues in the current quarter received a boost from the activities of a new distributor and the increased number of operators. There are now over 3.1 million registered users across all gaming platforms operated by GMGI's 358 plus operators."
No, that's also incorrect. GMGI was READY to incorporate more operators, but the OPERATORS weren't ready. But the new distributor is integrated with GMGI now, and the results are already showing up in the current quarter with record-breaking revenues.
https://www.otcmarkets.com/stock/GMGI/news/story?e&id=1643167
No, that's incorrect-NONE of GMGI's customers are being "shut out." 110% FALSE.
Yes!!!
GMGI is not a gambling company-it provides GAMING software & platforms-nothing illegal about GAMING.
GMGI DOESN'T DO GAMBLING-THEY ARE A GAMING COMPANY-how hard is THAT to understand???
https://goldenmatrix.com/solution/
There is no gambling on GMGI website-never has been. GMGI provides GAMING platforms.
Reading is fundamental.
#Factsmatter ;)
GMGI is a GAMING company-not a gambling stock-just a minor detail, lol.
Golden Matrix Group is a publicly traded Information Technology company specializing in C.R.M., Marketing and Support Systems for the Gaming Industry creating shareholder value through expanding the quality of its unique state of the art products.
Well, despite the end of the world, GMGI holds up strong, lol-gn GMGI shareholders
Great for GMGI-shut down the illegal ones, and the legit ones like GMGI see their business grow & grow $$$$$$$$$$$$
Nothing, lol.
And I LOVE IT!!! $$$$$ :)
Sure thing, lol-just like .004, .003, .002, triple zeros, RS never gonna happen, never see .01 again, etc etc etc, lol.
Looking forward to the rest of 2020 $$$$$$$$$$
Holding long for me, the business pipeline is very attractive with recurring revenues as the foundation.
Agree, chart looks great-any day now.
gm GMGI shareholders
Nice churn today, decent week-enjoy the w/e GMGI shareholders!
It's very common to have a wider spread on low float stocks & low volume-no biggie to me, but a tight spread does keep the manipulation to a minimum.
No sweat man, knuckleheads were doing the same thing at .0008, .002, .0035, etc. Let 'em out, my account is laughing at them.
Lol, exactly
Setting up for next leg higher, GMGI:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157116302
Breakout just beginning, GMGI:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157116302
Nice breakout starting, GMGI:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157116302
$GMGI - Gambling is coming on - I scored BIG w/ this recentlly - time to buy back !
$GMGI - Gambling is coming on - I scored BIG w/ this recentlly - time to buy back !@StockAlert14 @IAM__Network @fintel_io @CPNorth @stockballa @i_like_bb_stock @NasdaqReporter @WishfulTH1NKin @MomentumBeats @FromIhub @OTChub @my_momentum_fr @RickPiet1 … @PCGAdvisory pic.twitter.com/53UnRyRsai
— @stewdomer (@stewdomer) July 23, 2020
GMGI-Golden Matrix Group, Inc.
$GMGI's new website represents a clearer vision of our direction.
Go to http://GoldenMatrix.com and bookmark it. As new information arises you can expect to see exciting updates and changes as we expand and grow.
We appreciate your support.
6:45 PM · Jul 23, 2020·Twitter Web App
$GMGI's new website represents a clearer vision of our direction.
— Golden Matrix Group (@GMGI_Official) July 23, 2020
Go to https://t.co/qgdcsBoh8X and bookmark it. As new information arises you can expect to see exciting updates and changes as we expand and grow.
We appreciate your support.
Agree, I'll also add the RSI is turning up as well. All the basic indicators are turning bullish, chart says we're ready for the next leg up, imo.