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It is becoming apparent many penny players don't really use fundamentals or the quality of a company as part of their decisions to buy. Flippers or simply inexperienced perhaps. Very possible many don't find "GMGI" exciting, in that it lacks any pump or simply the typical hype.
Case in point, I observed a company run from 6 to 7 cents this morning on a paid pump. The company is gods gift to the construction industry. They make NO money, have no profits or revenues, are NOT fully reporting. Have warnings on the OTC and Yield symbols. Of course it will give the profits back soon, and most investors will probably loose. A few will scalpers will profit.
Nothing wrong with it, there is money to be made in flipping, short term, scalping, etc. But most players loose. A vast majority loose. The vast majority of professionals loose.
GMGI Golden Matrix is an "exception", a rare company that is actually generating large revenues, month after month, quarter after quarter. A growing company, that is reducing debt, expanding, and has money in the bank. Real fundamentals that penny stocks don't normally have. Certainly none in this price range. Great technicals as well.
GMGI has the potential to blow past a penny in an afternoon. Then run to 2 or three cents within days. Then people will chase it, paying 10x todays price, and thinking they got a deal. If GMGI simply keeps doing what they are, they will be on the QB or QX early next year. Those markets expose them to institutional money and the whales. Pennies to dollars in those markets are a reality, not just bull. Yes, these are my opinions, but I do have a lot of experience. Do your homework.
I constantly look for "real" companies that sell for pennies. They are exceptionally rare. When you actually find one, they can change peoples lives. When something you Buy for a penny sells for a dollar (and you tucked away a million shares). For as long as GMGI continues to grow and perform, I will be accumulating. Hey. do your own DD, I have and I am still a buyer.
Good morning everyone!
I'm still accumulating. Worth the wait.
Good morning! :)
peep :)
Good morning!!!
Looks like we could test the 7s today.
Good morning! :)
I believe upgrade to the OTCQB only requires a pps of above 1 cent for 30 days after applying with audited financials in hand. Along with an OTC approval after a hard look.
I think with the pending annuals next month and new income updates from the new large distributor will have us over the .01 soon and on. imo
While I am sure we would all welcome such actions, I also think no one knows GMGI business and strategy better than Goodman. I believe we can trust in him to make the best decisions for all, as he has continued to do.
Good morning! :)
Good morning! :)
I will speculate GMGI is applying for an OTCQB upgrade in the near future.
Annual profits pending soon, update on new large additional distributor, cash in the bank for deals, I expect quite a bit of action much sooner than that. I'll be holding out for the bigger payout myself and accumulating as we go.
Looks like a light volume day, and an opportunity to acquire more cheap shares. Still playing catch up with you early "hogs" :)
I think that is a realistic prediction, if not more. The market for their product and services is growing big time. Coupled with more product and distribution is a winning combination.
Can't find fault with that, green is good.
Indeed :)
Actually, the crowd is mostly wrong. The vast majority lose. Even the "pros".
Good Morning!
Makes little difference, perhaps more time to accumulate cheap shares. Need to catch up with the rest of you :)
You're quite welcome.
A lot has changed in a year :)
I don't think anyone here can predict that. However, we do have the Annual Report due any day now. Fiscal year ended July 31, and some numbers already in. The Final could post any time.
Most Penny players don't Buy stocks to hold or as an "investment". They buy on the hype. Some stocks will double quickly, more will be cut in half though. Most Penny stocks in this price range do not even have any fundamentals to research and base decisions on.
Lots of bull, plenty of hype out there. Most of the thousands of Pinks are all fluff. What does the average Penny player do, when they run across a stock that actually has a solid business plan with money making fundamentals? Nothing "exciting" happening here.
The reality though, Golden Matrix is not going away, and this condition is only temporary, imo.
I have traded all forms; minutes, flips, swing, trends, etc. If you are that top 1% you will make money. Normally you burn out eventually. Finding ten baggers and the life changing few becomes more enjoyable (and profitable). I am a shareholder and I will be Buying more GMGI.
There are a lot of short term flippers that play it on News. You get your rush up, and sell off. I looked at quite a few stocks with same or larger floats running to 3-5 cents. I don't think share reduction would be a big impact. Tracking the daily buy/sell volume though, more people are holding.
Mere $6500 per million shares at the moment. Think about it. Comeback said it, life changing. imo
I don't mean to blow smoke, but I have been in this game a long time. If this company stays on this track, they are on the way to the QB, QX and dollars. It's rare, yet so is GMGI, imo. Smart money, whales, and institutional funds are game changers. Goodman is no fool.
You are correct, classic perfect stock. The only logical conclusion is most investors are unaware. We lack volume. It's obvious the people here, are buying. I am accumulating constantly.
There is no sub penny like it. Fantastic fundamentals, making cash, growing, great technical. Cheap at a nickel.
Obviously, at some point other larger investors will run across it. I would also think GMGI would be a target of a lager player in the Casino Online field. Plus, with cash on hand, they may buy or merge as well. imo
Tech Peak: GMGI Analysis +100 today
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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.
Based on a pre-defined weighted trend formula for chart analysis, GMGI scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
The long term trend has been UP since Apr 19th, 2018 at 0.001000
The intermediate term trend has been UP since Aug 21st, 2019 at 0.006400
The short term trend has been UP since Aug 29th, 2019 at 0.006000
Tons of Great news. BTW Fiscal year ended!
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/
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.”
Actually to be honest, I came to the party late and am very thankful to have had the opportunity to accumulate a lot of cheap shares. Including today.
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 some great opportunities like GMGI.
In the traditional way, the crowd will fight over it when we are at the two and three penny price:)
In addition to Goodman's key word "currently", he added
"this unique relationship with the Master Distributor" indicating there is more here than the obvious, imo.
Got some fills at 61s and 63s this morning. thanks:)
As we all know, the Annual Financials are due any day now, and will be great. This latest news should insure this new fiscal year will be even be better. Judging by the low volume, many do not realize the significance here. One would think, others will soon discover this as well, imo.
Buying more, before others figure it out. Still on sale:)
The main Distributor they currently have provided about a third of their income. I get the impression this new additional one is even a larger outfit. Do you agree?