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Well said Poker Star. CLEARLY some big boys or market makers or maybe both are trying to scoop up many shares as possible before the uplist here.
It’s for the future I believe. The new 3 year shelf wouldn’t fit with the current structure. I’m thinking also maybe there’s some kind of possible merger down the road. Exciting times ahead I believe.
Looking good so far. Great week all around.
Yes it seem to be clearly held down. Still a decent day closing the week at $7.50 also interesting the company changed their fiscal year to ending on Sunday which is one quarter short.Wondering if this has something to do about NASDAQ. It would only make sense.
Where’s the extra volume coming from over the past couple of days?
I believe EF HUTTON GROUP has quite a few institutional and private investors that are regular clients of theirs and seeing that Brian Goodman and team Golden Matrix Group board only wanted to do a small raise of ~$3.5M USD for whatever reason, this we don’t know which makes it an unknown variable. They probably had a lot of investors that wanted in previously as EF HUTTON had a lot of interest in the past with Golden Matrix Group as I do know this, considering I had a friend who was going to fund GMGI at least one million dollars towards the $10M MINI IPO S1 offering that was contingent on a major exchange approval. EF HUTTON had so much interest that they pulled the listing off of their website because people were probably calling and inquiring about the raise quite often but couldn’t set the price. Now that GMGI has upgraded to the top tier on the otc markets (OTCQX) where only <5% of OTC trades, this allowed them to ditch the S1 ($10M) and pickup a S3 ($180M) offering that can basically be used to grow and expand over the next three years. It probably also attracts new institutional and private investors. With GMGI on the very top of their website as the most recent offering (NASDAQ:GMGI) @ $7.00 investors are taking action scooping up what they can knowing these are great prices. We all know the large investors always get a discount from the current retail price but not so much now as the price dropped. They got them for $7 but only less than 500K shares as that’s all GMGI wanted to do at this time. Tomorrow GMGI expects the offering to be completed, so i believe we could start trending back north as the oversold shares around $7.00-$8.00 should deplete. They never seem to last long. Next… we hear from Golden Matrix Group and hear what they expect to do with the additional funds moving forward. We can all imagine it would be some sort of acquisition of some sort…big? Small? Med? I guess we will find out sooner rather than later. I do know we have had some VERY large buyers over the past few days, maybe ones that couldn’t fit in the tiny raise decided to buy on the open market as they can see the value here with a solid balance sheet and their consistent revenue growth quarter after quarter. Well there you have it, these are my thoughts and opinion. Sorry for the novel.
Great buying opportunities today for sure in my opinion! Good day.
Not surprised we have a little bit of a pullback here. Jumped from under $7 to $9.40 very quickly. I see some buying these sub $9 shares up on the dip.
Yup, well said. Tons of people wish they could’ve gotten a couple weeks ago prices. Let’s not forget everybody is here for a reason. :)
Really? Are you sureeeeee? That’s not their biggest source of revenue you may want to re-read the most recent financial. Also they are still pending, they didn’t get denied. Good luck trying to get a cheap shares.
Old news from the most recent Q2
The tripling in Q2 revenues over the revenues recorded in fiscal Q2 ‘21 was primarily a result of GMGI's increased number of both gaming operator customers and registered players with these customers.
https://finance.yahoo.com/news/golden-matrix-reports-twelfth-consecutive-132000327.html
GMGI I’m not a huge technical analysis guy BUT a blind man can see that on this weekly chart last weeks candle is 100% BULLISH. Noticed there is no top wick on the candle?. Any time this has happened the following week has continued strong. Look on the chart at the other white candles (Each represents one week). Golden matrix closed this week at the highest price! Also higher than the past twelve weeks or around ~3 Months. Technical analysis can be tough on a stock like this but I believe that technically we should have another strong week here. ??Very exciting. Obviously nothing guaranteed but it is looking good for us longs.
NOTE: For technical analysis guys… Notice the MACD on the bottom of the chart, it has been Bearish for 15 whole weeks and just getting ready to flip over bullish!? ??
Nope, still here Roger. Excellent volume today as well. (above average). Have a great weekend!
Great day. Charts seem to be breaking out here!
Yup, I saw that too. Can’t wait to hear which states.
Good news on the shelf offering. This tells me they have some acquisitions probably lined up. My guess would be Brian would make some good decisions on buying value that will increase value on the market. Good stuff. Looking forward to hearing a press release.
Nice day, and great volume. Can’t wait to see what Golden Matrix does with all that cash in the bank ($13.8M)
Tough day for the overall market and sector. Had 4 days of green prior to today. Can’t have green every day unfortunately. Let’s see what tomorrow brings.
Great day as we slowly grind north. People are starting to realize GMGI is no joke and has big plans ahead.
Thanks for the tip!
I never said anything about shorts, but it’s actually not false. Do you know how to check the amount of shares that are shorted? OTCMARKETS shows and updated count every two weeks. As of Aug 31st there was approximately 120k shares short. Feel free to explore the website and learn how to find this out.
sure about that? As we all know, a longterm Shareholder means at least holding shares for one plus years this chart a factual numbers on the performance tells a different story… Correct me if I’m wrong and I’ll share a link for anyone to view.
https://www.barchart.com/stocks/quotes/GMGI/performance
Solid day Golden Matrix. I feel better than ever knowing GMGI is making strides to advancing at every angle. They keep climbing the ladder and will soon be at the top. It will be interesting to see what they do with the $13.8M cash on hand thats in the bank. Such a clean balance sheet all around with only $298k debt.
That’s false. It’s still pending, nice try. Also company responded to shareholders and said this was part of the path to achieve their goals.
Lol, first of all it’s not a “uplist” it’s a tier up. Second of all not a shell company and not marked as one. Third of all, shareholders are happy, non-shareholders happy the real uplist hasn’t came yet. This is a big upgrade and there’s stringent requirements to be on OTCQX markets. Hence there only being 600 out of almost 13000 companies listed on it. I’m very happy they are continuing their path to the actual uplist. This is good news no matter how I look at it. No more stinky pinky sheet.
Guys are both comparing apples to oranges that company has nothing to do with golden matrix. They are just applying, golden matrix is already there. Also there was just a message from Golden matrix that this is part of the path.
I think you’re stretching. He clearly just said in the last press release all the revenue increases came from non-related party and anybody that’s been following this company knows that it’s been less than less on percentage wise. But who knows, time will tell. There’s no question in my mind that they will get there and it could be very shortly.
He was given a clear path wasn’t he? Sell off for a major upgrade chuckles… ok. Let’s see.
Wow, What an upgrade! This is excellent. Just checked and less than 5% of OTC stocks trade on the premier OTCQX tier, banks, airlines, large foreign companies etc… as they have stringent guidelines all around. Very impressive, and this is clearly part of the path GMGI was obviously given! Like I said, I don’t know if I’ve ever seen pink sheets go straight to NASDAQ but I do see OTCQX all the time uplist up to nasdaq. GOOD JOB BRIAN!
I guess you didn’t see the markets today? Everything down.
I’m liking this channel we’ve been trading in. A lot of accumulation for certain!
They are out! $3.25M in Revs and over $450k in net income profit! It was golden matrixs strongest quarter yet and 12th consecutive quarter of profitability!