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4 days now with 100K shares traded....thinking these dirty MMs and shorts have been given the message to cover. Now, if people were smart, they'd pull sell orders and force these douchebags to continue to cover at a higher price! No telling how high this goes now with the acquisition confirmed again this morning with official filings!
PokerStar
I'm not here to suggest buying or selling...that should always be a decision made solely by the investor. I post my thoughts here, not to entice buying or selling, they are opinion only from being invested in GMGI for years. My feelings have changed recently with the volume and price action. In my opinion, higher volume, price increase, and holding of recent gains, to me, suggest we are heading higher soon. The volume for the most part, in the past has been light and the price has been artificially low. Now, with a pending 100 million dollar acquisition coming any time and the holding of gains is something we haven't seen for some time. Best of luck in your trading decisions.
PokerStar
Well after a rocky start to the trading day with sellers showing up, something different than we've been seeing lately happened. After a small selloff that dropped the price to the $2.70 area, big bids started to show up and buying started to help the price creep back up. We also had another solid volume day of 100K with the price closing at a very respectable $2.90. After this heavy volume consolidation action, I am more confident than ever that we are going to resume our run to much higher levels. I can now see us breaking through $3 bucks early tomorrow and believe we will see a plethora of buyers supporting that level before buyers start pulling the trigger on ask slapping. I'm not going to lie...I haven't felt confident in the price action of this ticker for almost 2 years. Call me crazy, but I think a big rally here is coming our way. $4-$5 bucks short term is not out of the question, in my opinion! We've been stuck in the mud for far too long. A see a pent up new confidence in GMGI than ever before. Best of luck to all of our long term holders here!
PokerStar
Now, do these pr*cks keep selling it down to where this run started again, or do big buyers step in, stop the bleeding, and go back up higher. With healthy trading, we do see some profit taking on the way up, that's normal, but sustained selling is not, which has been what we've seen here for months. Hoping these clowns finally are done and we recover and not just keep sliding lower on light volume like we've been seeing.
PokerStar
Yeah....I hear you. Unfortunately, you can't fix stupid!
PokerStar
Tomorrow will tell the tale of the upcoming week, in my opinion. The break of $3 appears inevitable now, but how the price reacts will be telling. Do these loser sellers start dumping into the bid or have they finally realized they're playing with fire. If we can break $3 and see some solid bid support, I bet we see this pop to about $4 bucks before some sellers grab some profits. If this can withstand the sellers in that area, we may see the price retrace to the low to mid $3s before heading back higher. If we get acquisition news, this should really pop, in my opinion. We are more than overdue to hold our gains and move to higher ground.
PokerStar
Even with the slimy end of Friday, huge sellers, we found a way to absorb them all and close at the HOD of $2.95. This is without a doubt the most solid buying and holding of gains we've seen in over a year. Maybe, just maybe with the MeridianBet acquisition coming, we get back where we belong in the $5-$7 area for starters. It seems obvious to me that a new group of investors have started to jump onboard. Hopefully they are here for the long run and not part of the last group that showed up on for a buying spree, only to dump everything as soon as we breached $3.00. I guess next week will tell the tale of exactly who is coming aboard the good ship GMGI!
PokerStar
Solid trading and volume for a Friday. Hopefully we continue to rise and absorb remaining sellers on the ask. We could see $3 bucks by close at this rate, as long as we don't have an end of day attack on the bid.
PokerStar
It's a private company....that wants to go public. With GMGI acquiring them, they are achieving their goal. All we know is they have 1500 employees and are a profitable company. Last update from our CEO is they are a 100 million dollar company and produces 20% profits. Hope this helps.
PokerStar
Not sure the reason is but these dirty pr*cks don't know when to stop!
PokerStar
Lol...guess you're new here. Same shorters or group of sellers that have been here for 18 months.
PokerStar
Unreal volume today....over 219K with an hour and half to go today. The close today and tomorrow's trading will determine whether we hold our gains and move higher next week or the pattern continues with these douchebags selling off and not only killing the momo here, but also eating all the price increase we've see these last few days. Hopefully I'm wrong and these crooks let this run higher where we belong. Very telling few days ahead of us. IMO!
PokerStar
Over 200K in volume already....wonder if MeridianBet's 1500 employees are getting in before the acquisition closes? Would be great if they offered them an employee buying program where they buy shares twice a month from their pay that's been set aside for this purpose. The company I worked for offered this program and also as an incentive, they gave you a 10% discount from the price they bought them for. I took advantage and made a killing. Our company's shares were trading between $10 and $12 dollars. I accumulated over 5K shares over 6 years through the company program, then we were acquired by a huge company that paid us a 30% premium for our shares. When that offer was on the table, our shares were already trading for almost $30 per share. Would be nice to see this happen here!
PokerStar
Another 10K block @$2.70 on the bid just destroyed and back down to low $2.60s. I figured the dirty pr*cks would do this.
PokerStar
Looks like the dirty pr*cks are starting early! Trades going through @$2.88 but these dirty pr*cks just dumped a pile into the bid to lower the price to low $2.60s. I had a feeling these pr*cks were just letting retail take the price up so they could dump shares they bought in the low $2s. These pr*cks are relentless!
PokerStar
It's about damn time this started to finally move. It's also about time we finally see us hold the majority of our gains before the next leg up. I have my doubts tho, as we've seen this movie before. Nice gains the last couple of days have been followed with a Friday selloff, taking away all those gains. Maybe, just maybe, it doesn't follow that pattern again, but I won't believe it until I see it. With the acquisition to be announced anytime now, there's no reason to not see us hold these gains, then move higher next week!
PokerStar
No doubt...been saying this for months. Brian has set aside 2 million dollars for share buyback but it is how he is implementing the program that puzzles me. He supposedly steps in and buys back shares when he feels the share price is a bargain yet it does nothing to help increase share price and end the games the shorters are playing. If he was serious about shareholder value, he'd be bid sitting large blocks of shares and increasing his bid price as the buyers step in and increase the share price. My belief is the share buyback is being done through a market maker that is part of the shorting scheme that's gone on here for months, which is why he is buying back piles of shares and the share price remains in the toilet!
PokerStar
Nothing to see here Gary...nothing to see here! Shorters still in full control of the share price.
PokerStar
That's what I'm hoping for....
PokerStar
More good news released, more record revenues and MeridianBet financing lined up.....Thinking all this good news is worthy of seeing these crooks take the share price down to $1.50! I'm not sure anymore what it will take for this ticker to make a move higher and hold. Like some kind of nightmare I can't wake up from.
PokerStar
I have never seen a stock act the way this one has unless it was diluting like crazy regularly. We know with over 15 million in cash on hand, dilution is not happening here, and to top it off, they set aside 2 million dollars for a share buyback. So what exactly is the explanation for the non stop pressure on the bid? All that makes any sense to me is shorting. With everything this company had accomplished in the last 2 years and the upcoming massive acquisition, how is it possible to be trading near all time lows?
PokerStar
I'd be a lot happier knowing GMGI was diluting causing the downward pressure on the share price, but instead large holders are getting fed up and dumping into the bid or shorters are reloaded with cheap, borrowed shares and are getting ready for another dump fest to lower the price even further. All I know is I'm getting sick seeing us back down to $2 bucks! Unf*ckingbelievable!!!
PokerStar
I'd love to find out myself and have a little meeting with them behind the barn, if you know what I mean! Almost 50K in volume and they close us at $2.09 right at the bell. So f*cking sickening to see this day after day!
PokerStar
Almost all buys today on 15K volume. Some just sold for $2.12 then right after, I see a sell order @$2.07???? Someone sold into the bid and it sold for $2.0699. Five digit trades can only done by MMs. Again my thoughts remain the same here....MMs sell short at a higher price to fill order then try to cover at a lower price. Only explanation in my opinion why we've had decent volume the last 2 weeks and we continue to be stuck in this stupid $2.02-$2.20 range.
PokerStar
Very unlikely....unless the Meridian deal falls apart. That is unlikely as well....
PokerStar
The deal has been announced for 6 months and CEO updated on last 8K. Not being arrogant, but not here to do everyone elses due diligence! I lead the horse to the water but I'm not forcing him to drink. That's up to you!
PokerStar
What are you asking? Everything you need to see is in the last 8K. Can you not read?
PokerStar
Firstly, they lost money last quarter for the first time in 14 or 15 straight quarters due only to payments made to the CEO and board members' performance bonuses. Secondly, they have reported the deal with behemoth, MeridianBet to acquire them in a stock and cash deal. It's due to close anytime from now to the end of the 4th quarter. All right there in the 8Ks if you take time to read them.
PokerStar
You'd think that some entity is driving the price lower, either by shorting the stock or other means to get a bigger chunk of the company once an acquisition is made. After Brian had to negotiate a lesser price point and give up more shares to consummate the deal, from $3.50 down to $3.00, our share price fell from upper $2s down to almost $2 bucks. If somehow, MeridianBet is going to get sn even lower price and even more shares of the company to close the deal, I'm going to be pissed. It's going to inflate the share count even more and make it harder for our share price to increase from these paltry levels. I sure hope I'm wrong and the deal closes soon at the $3.00 agreed upon price from the last update.
PokerStar
Just .25 cents from their low from the reverse split a couple of years ago. Since then, GMGI has grown in size, grown their profits and are on the cusp of the huge acquisition of MeridianBet....yet here we are, near all time lows. Wish I had the funds to acquire another 20K shares at this crazy low price.
PokerStar
I get it Gary, that's my point about price manipulation! Someone is buying a pile, bid sitting, otherwise we'd be back under 2 bucks. Probably MMs or a group covering their shorts from the $2.60-$2.80 range, or getting ready for the next leg up, filling their pockets with cheap shares so they can dump them on the next bump in price. Nobody knows how to invest anymore....it's all about short term flipping nowadays.
PokerStar
Look at today's volume....over 52K shares traded and up a whopping .03 cents! Can we say price manipulation! Looking forward to the usual take down and back to red at the close! F*cking manipulating losers!
PokerStar
I'm not sure myself where Roger is, or if he's even still with us. This site has become so out of touch and most traders have moved on to Twitter and other sites for their trading discord. My guess is he's on another platform.
PokerStar
It's not like we hasn't seen that for well over 100 trading days in the last year.
PokerStar
Hey Trust.....GMGI is currently supplying over 645 casino and online casino sites their gambling software. They just started their own online casino in Mexico about 6 months ago and are in the very late stages of acquiring MeridianBet.....one of the largest and profitable casinos in the Asian region. Once complete they plan on expanding their reach to South America and hopefully the North American market in time. GMGI has been profitable for over 3 years and the acquisition coming onboard has a great track record over the years of even better profitability. This stock has been lightly traded in the last year but expecting once the acquisition is complete, we see better daily volume. MeridianBet, when deal is complete has agreed to take a large block of restricted stock valued @ $3.00 per share, as part of the 100 million dollar acquisition. The rest of the funds will be debt and the CEO's last 8k stated that they had the funders lined up and ready. They expect the acquisition to close late in the 3rd quarter or early in the 4th quarter. This price we see today is bargain basement, in my opinion. It did dip to the $1.89 range, but that didn't last for more than a day before buyers scooped up piles of stock and the price responded to the high $2.80 range. I'm expecting good things from the company and hopefully the stock price will respond positively and grow with the company. Best of luck with your decision. I'm not suggesting to buy or stay away....that is your call after you do your due diligence!
PokerStar
More good news this morning and these loser shorts just keep beating us down, lower and lower. F*cking unbelievable!
PokerStar
Yep....f*cking losers! Shorted it right back down to where it started @$2.30. Unbelievable @ssholes!
PokerStar
Unless Brian was buying heavy in the $2.40 area, it's hard to believe sells were 49K and buys were a mere 4K and we closed green. Maybe a whole lot of small, Friday profit taking, until the gap was closed, by this group of sellers for peanuts. Weird day of trading is all I can say!
PokerStar
Let's see what next week brings. I hate when there's gaps in the chart because 99% of the time, they are closed.....but not always as fast as this one did. Hopefully, we start to rebound at least back to the $2.60 area for starters. Have a good weekend Gary!
PokerStar
There we go....gap closed @$2.34....what's next????
PokerStar