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Arent we talking a vast difference in what could be raised? Mini IPO vs 180m secondary. Doesnt this suggest a much bigger plan is now in the offing? Even if original mini IPO still in play it may not be sufficient for the plan they have? Maybe im wrong but isnt this a potential answer?
Flip side is, holding it down in a range suggests big accumulation and a huuuuuuge spring when its released! Bit like our run earlier in the year. That release, the uplist and the new verticals no idea where this could end up!
Gosh this OTC is annoying. Bid offer spreads mean the stock is dropped back on tiny sells relative to the buys
Otc is the wild west, bid offer spreads, liquidity and fearmongering are just as effective as company performance. As companies move to more senior exchanges the focus becomes more on performance as liquidity increases and a wider audience participates in the market.
Nasdaqs sloth like performance hasnt helped but nor has the fact that our main investor base on OTC is, with all due respect, light on the cash needed to support the market especially on dips on a regular basis.
A wider audience and larger fundbase will allow much more support for what is ultimately a very encouraging growth stock
Obviously it is good news, consistent with the growing companies strategy. All this will lead to increased revenues on top of the other growing revenues. It was also interesting to see Playson see it as a way to expand their reach into Asia. A feature in demand that GMGI can offer customers better than most.
The reason the stock drops is most buyers on OTC are already locked and loaded. The support has been thin and a daily gap of the bid offer is easy prey to those who want it to move lower. Off the buzzer, every day same story. Until bids start sprotecting the open and the price this routine will continue.
It has nothing to do with GMGI’s growing revenue pile. An uplist and a whole new world of investors will see this as an opportunity at these levels to start building positions closing those wide bid offers that are the hallmark of OTC rubbish.
Long term the revenue keeps coming in. It grows on itself as the customers become established and grow themselves. Low overheads, recurring revenues locked in with growing customers. Marketing costs on traditional gaming/gambling stocks suck the life (and $). GMGI business model is different, and the revenues tell that story. A new gambling aggregator to come, scale the model… revenues, revenues, revenues
The CEO pointed out on his last interview that GMGI qualified for uplist in at least TWO ways…. Its time nothing else that is the delay
As for where he gets the idea the vast amount of reselling revenue came from Hopestar... erm...
My gosh the more i go through the more i see its a poor attempt to throw dirt much of which is either unproven, irrelevant or obfuscated by the old defunct shell company and its old toxic debt that was cleaned up.
Im even more happy with GMGI now i have uncovered a few more snippets of historical information and how they have handled it to this point.
GMGI is in good place im going back in large
Looking through the Hopestar issue, Checks out to be a smart customer relations exercise. Keeing a customer happy in an efficient way, no risk to GMGI (Playtech held the risk). even the writer says there is nothing sinister in it.
Mr. Goodman added, "To ensure the successful rollout of the GMX-Ag platform, the company *has expanded personnel by contracting the services of two widely recognized and respected expert gaming veterans in gaming development and marketing*.
Low overheads but having experts get it done when you need it. Good way to grow.
A rather theatrical piece of work with many loopholes and assumptions. From using the wrong Red Label Technologies website (Ltd vs PTE), tarring broker dealers as SEC toxic despite only referencing decade old issues, or issues with the company but not the individuals themselves (like saying AMAZON is SEC toxic because an employee did something in 2013), its hard to find a broker dealer that doesn’t have SOME kind of SEC case attachment. But a trick often used in attention grabbing pieces like this. Another obfuscation, the stock options to Qiu and Yan, were valued at $75k each when issued (and the deal bought in $ 574k revenue), however the author chooses to sensationalize the price they sold the options AFTER the stock rallied (presumably because of the good revenue), another ploy to make it all look worse, when in fact it was good business. The concentration of revenues he panics about, well in 2019-2020 the GMGI company was just starting, it is natural its early client base was small and concentrated. As for the rest, so many assumptions, guesses, pictures from ELRAY’s 2013 game portfolio remember it was still trying to clean out the shell co at this point), dramatic ‘revelations followed by “whilst there is not necessarily anything sinister in this transaction” comments. The fear of limited staff vs consultants (which is a fantastic way for a company like this to manage overheads/scale where needed. I can’t be bothered to go on.
I don’t think the convoluted history is ideal but this article is just an attempt to throw ancient mud and see if anything sticks by a disgruntled short and his army of bots. The present GMGI is a far cleaner, revenue machine breaking out into a rapidly growing industry.
Watch out for the huge spike up that always follows ….
Quarterly revenues +35% QoQ
Quarterly Net Profits +145% QoQ
Adjusted EBIDTA +18% YoY
Assets +10% QoQ
Assets +263% YoY
Cash on hand +506% YoY
Shareholder Equity +5% QoQ
Shareholder Equity +359% YOY
Middle of launching new aggregate gaming system
About to launch E-Sport Peer to Peer gaming portfolio
You wanna go there about Net Income in the gaming market?
These numbers start to show the effect of RECURRING revenues on top of a low overhead, only a quarter or two into what is a rapidly expanding business model.
So yes, well done GMGI, well done.
Earnings out of the ballpark!! Well done GMGI
https://www.google.com.hk/amp/s/www.reviewjournal.com/business/casinos-gaming/some-gaming-firms-turning-to-blank-check-companies-to-go-public-2280728/amp/
Do you ever put thought to a SPAC entry?
Multiple ways forward for GMGI, even if they telegraphed the Nasaq traditional route. All of them positive.
https://www.google.com.hk/amp/s/www.businessinsider.com/tesla-game-console-model-x-s-ps5-xbox-chipmaker-amd-2021-6%3famp
Gaming useage spreading... the growth is undeniable, as is the infrastructure that underpins it
Golden Matrix added that it expects to integrate and launch the system [custom built online sportsbook platform] with a number of additional clients in new markets over the next six weeks
7 weeks ago
Recurring recenues from growing stable of operators...
“There are hundreds of these gaming operators that claim they are going to send people to Mars or the Moon and set records but we don’t come from that world. We are a REAL gaming operator, we generate REAL REVENUES, and we’ve shown people we’re here to generate PROFITS and REVENUES, and we’re CASH POSITIVE, you know, we’re not a cash burner”
- CEO of GMGI
“We have a waitlist of operators waiting to go online. As we get more operators online we grow EXPONENTIALLY. Its this business model that gives us the massive growth quarter-on-quarter in revenues and it is a highly scaleable business. It scales very quickly and doesn’t cost much money to scale” - CEO of GMGI
LATAM, AFRICA, ASIA, and soon to be EUROPE AND USA
ONLINE CASINOS, SPORTS BOOKS and soon to be ESPORTS/P2P gaming
Recurring revenues, low overheads, revenues that grow exponentially with the market. Real money investors will take a good look at profitable GMGI when it becomes tradeable for them.
GMGI is growing revenue around the world. Less considered perhaps is Africa which GMGI is targeting as well as Latam and Europe.
https://www.gbgplc.com/gaming/gaming-gambling-africa
https://www.google.com.hk/amp/s/sbcnews.co.uk/features/2021/04/01/why-slotegrator-is-eyeing-new-opportunities-in-africa/amp/
The business model of providing turnkey white label gaming, sportsbooks, esports and content to a developing market and then creaming revenues as the clients grow on a recurring basis is just incredible.
Literally a global revenue in a booming industry.
Recurring, low overheads, entrenched revenues. This is going to be a beast over the next decade. Consistently profitable.
This is like a rerun of a boring, rather dated sitcom. Same characters reappear spouting the same lines, not really interested in the content just trying to scrape around for a cent here or there.
But everytime they have appeared, without fail, so has a profitable buying opportunity, one which they also need to take advantage of to cover (made more desperate by low volumes)
Meanwhile GMGI rakes in recurring $$$ minute by minute, hour by hour, day by day. Tweedle dee and tweedle dum aint changing that fact.
https://www.transperfect.com/blog/global-gaming-industry-growth-in-2021
Asia Pacific region accounts for the largest revenue source...
GMGI’s stomping ground
https://soundsandcolours.com/subjects/travel/the-booming-online-gaming-industry-of-south-america-52257/
GMGI is launching into this market
This stock has relatively small volumes as it sits here on OTC. It is easier to orchestrate these drops from time to time. As i mentioned before every one before it has proved to be a very good buying opportunity.
The uplist will add much more volume and liquidity at a time when GMGI is really starting to benefit from partnerships and revenue growth, as well as new liscensing and opening of US markets, making a truly global revenue stream for this beast.
Low overheads and recurring revenues
This minute, this hour, this day, this week, this month... revenue is streaming in from a GROWING number of online systems created by GMGI.
Yesterdays share price, next weeks share price, next month... meh!... this is one to hold as it grows embeds virally into one of the fastest growing segments of the next decade
Every single one of these flash crashes has proved to be an amazing buying opportunity... and lets not forget they are orchestrated to PROVIDE such a buying opportunity for the rather tiresome individuals involved.
Growth, recurring revenue, low overheads, world class directors, soon to be Nasdaq ...
GMGI has a strong, consistent future
https://apac01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.financemagnates.com%2Ffintech%2Fnews%2Fplaytech-inks-long-term-deal-with-holland-casino%2F&data=04%7C01%7C%7C9d8e641c96c748fbf5cc08d915131968%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637563994040357082%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=NukHviztmE4glkUr76COQvd6YY7sHDQW7bWntsaCpaY%3D&reserved=0
GMGI AND PLAYTECH
Under terms of their agreement, Playtech will have the exclusive rights to distribute GMGI’s newly-developed suite of Esport, peer-to-peer betting games (Peer2P) and GMGI’s successful AI player acquisition and retention system throughout Playtech’s extensive global network. Additionally, Golden Matrix will be granted non-exclusive rights to distribute Playtech’s most popular games through its vast operator network. Playtech gaming software distributed by GMGI will include live dealer games, slots, table games, bingo and poker.
This is how GMGI revenues grow and spread
So when you buy leave enough support for some back up bids, otherwise buying everything in one goes means the bid/offer remains wide and easy to drop it down again... control the trade.
it was great to hear him talk a little more about the model. GMGI is giving free set ups to growing gaming companies and then developing within producing a GMGI revenue stream in each one. So GMGI is going to sit inside multiple (they are queuing to get in) emerging companies, the majority of whom will naturally grow as they sit in a market which is set for huge growth on all metrics over the next decade. As they grow GMGI revenue grows 24/7 across Asia, Europe, Africa, Latin America and soon to be US.
Low cost, low overhead recurring revenue streams in companies emerging into a massive growth area. What’s not to like
I notice Jefferies analyst has upgraded stock price of GNOG double, potentially triple. One key point was "the efficacy of the iGaming investment thesis — one that offers better margins and higher player lifetime value relative to sports wagering, leading to superior returns on invested capital for operators"
Of course GMGI offers both sports book and iGaming, but it is this second sector that is being undervalued in the markets, yet it is the more reliable, consistent and long term profitable sector potentially.
One has to love the recurring revenues, the cash flow positive model, the reduction in liabilities GMGI offers. From here it is all about scaleability and they are definitely on the case with that. Market size outside of the US cannot be underestimated, especially in Asia, GMGI's cornerstone. Having lived in Asia for many years i have seen how big the gaming and gambling culture is here. It's astonishing.
There is so much to like in this cataclysm of near term events
The market cap is still very low compared to its competitors, many of whom are much less impressive in terms of revenue flows and drivers. Nasdaq could easily see a more reasonable valuation mutiples of where we sit today. We are also profitable, something most others cant say.
Nasdaq will, as has been pointed out, bring new eyes, new investors and new money. It will likely also bring fund and etf money. It will bring more stability to the bid/offer, something that will scare many of the last few years day traders away.
The new P2P software should add a bump as should this years push into US markets. Our Asian base, our current push into Europe and Latin America means the US will be the icing on the cake to a global empire. Most other competitors are only US focused and therefore missing a gargantuan revenue stream. Lets not forget, the beauty of this product is recurring, scaleable revenue streams. That is so incredibly important and something the markets crave.
All this and you get a sense this is not just a good month for GMGI but it is the start of the beginning of big things. The place where years of hard work culminate at once and we hit the big stage at a moment when every star is aligning to give the stock a firework entry. 240m market cap is low. The real value is about to explode.
Flying pre market too.. @70 and counting... wow, that bodes well for GMGI
Can someone more on top of things than me help with a little explanation
GMGI integration platform is called GM-X system
They have now purchased (for a very cheap sum) another system called GMX-Ag which will seemingly offer iGaming products (casino, sportsbook, lottery and live gaming) at new areas, such as Latin America
It all sounds great, but can anyone explain more about how GMGI is setting this up? Doesn't GMX-Ag just get rolled into the existing GM-X system, or am i getting confused and the new aggregator is already being rolled in and being branded as GMX-Ag
That aside, it is another very positive move towards a goal of a global reach with significant product range. It seems Goodman's contacts in the industry are throwing some pretty good deals into the mix. GMGI looks like it is setting itself up to be a major player in this industry down the line, backed of course by its big Asia platform which will only grow with Asia's thirst for exactly these kind of products.
This week’s moves have very little to do with the company and its prospects, and more to do with opportunistic plays (and rather obvious ones at that) on an early growth story. GMGI is indeed a growth Story. There is an obvious passion with management to grow this company in a constructive, responsible manner. I’ve seen over the years many companies trying to jump on market trends, force their stock onto the market and call themselves whatever and however in a kind of corporate short term gold rush which more often than not ends in pops, a scramble for funding and a life time on OTC. My gut tells me, and my research to date encourages me to look at GMGI in a very different light. This is not a 3mo, 6mo race to the finish. These are life-long industry veterans, they know what they are doing and they know who they need to do it with. They have relationships in Asia that will be the envy of many US-centric peers. This is building a real, sustainable revenue orientated company to compete with some of the very strongest names in the space. The pedigree of its management and committee are second to none and the relationships are already proving extremely beneficial.
The fact that revenues not only grow, but in this kind of model are very consistent month after month, quarter after quarter, year after year are extremely important. They fundamentally underpin the value of the company and from there it simply becomes a question of scalability, which in a world which is growing online e-gambling, e-sports presence is a VERY attractive proposition. Their foundation in Asia is a huge feather to their bow and offers the investing market a unique multi-regional play going forward. As many of the big players are scrambling around trying to get a presence online, they are also salivating about broadening out into Asia whose market is just monstrous. That and the e-sports, P2P, Nasdaq are all obvious bellwethers for this stocks future.
In this day and age specifically it is very enticing to flit around opportunistically and ride rollercoasters but it is the long term investors who will make out the best here, especially those who can calmly seize fleeting opportunities like these.
Make the most of the opportunities presented as the trend for GMGI’s growth looks very, very strong
Hi, can someone please clarify for me
The recent news talks of Playtech distributing GMGI’s newly developed suite of
Peer-to-Peer betting games
E-Sports betting
Am i right in thinking we have not yet seen these two releases that we are told will go live (distribution) Dec 1st?
These are two crucial releases we have been waiting for i believe, im just checking ive not missed/confused it with another part of GMGI’s existing offering.
The Playtech deal is well understimated in my opinion. They are THE guys you want at this juncture in a distribution partnership. Kudos to the GMGI team...
What that call made absolutely clear is that this is not run by anonymous chat boards. Sigma is a major player in this industry. Sigma has access to top level names in this industry. The industry needs what Sigma can offer to scale the next production level and importantly the industry is starting to pull Sigma into the mix, something Mark Cola said would happen. The quote about needing Sigma to equalize a varied supply chain is something I have talked about for a long time now as a key value of Sigma’s offering. Not only does it make it more valuable as an offering, but it makes its viral adoption more likely as the top dog demands Sigma of their suppliers. At one point Mark was talking about end users demanding machine makers allow inclusion so as not to breach warranty, but he checked himself and said “specifically PrintRite3D”. My gut tells me that was a vital piece of information as it allows PR3D but excludes competition and paves the way for the Sigma inside model.
AS I have always said, this doesn’t happen in a vacuum, a lot of plates are spinning within Sigma, within the industry and within the technology. The battle between balance sheet and huge potential is a well fought battle and we will have to watch that. It was a shame not to hear more on that (I had to listen to recording)
Sigma is lined up as well as it could be in front of a massive wall of revenue that will consistently grow over the next decade. Not only is it lined up in front of it, but it is lined up to be the dominant recipient of it due to its patents and technological ability.
It highlights PrinteRite3d's unique role as the constant in a supply chain of variation.
If builds are different not only between machines, but also between builds on the same machine, then this unique role of PR3D will grow in importance as supply chains and collaborations occur. If you have one technology able to tell end users that their diverse supply chain is certified regardless of machine, material or supplier then rapid growth in the industry will occur. That's why there are 19 odd companies in various stages of evaluation with PrintRite3D technology and as a few heavy hitter organizations such as Baker Hughes, Airbus, Materialize start to filter it into their supply chain this number will grow virally. This experience will also be apparent in the defense sector as they ramp up AM and supply chains will need to offer reliability accordingly. The DARPA validation of PR3D technology is a major step forward for Sigma in this market, as is its work with other defense entities such as United States Air Force Space and Missile Center.
I also see Pratt and Whitney collaborating with GKN (a major user of Additive Industries MetalFab1), another case in point of how PrintRite3D can play a crucial 'constant' element as the industry develops.
Sigma Labs in front of (and sponsoring) the Military Additive Summit
http://militaryam.dsigroup.org/
This event will examine current collaborative efforts by DoD to leverage commercial applications of additive manufacturing technologies to further enhance the defense industrial base. 3D printing materials and processes give Military commands & defense agencies the opportunity to modernize their supply chains at scale,
Sigma labs technology validated by DARPA (Defense Advanced Research Projects Agency)’s Open Manufacturing Program
https://sigmalabsinc.com/case-study-darpa-laser-powder-bed-fusion-quality-control/
Sales revenue coming in
The company commenced selling on research tanks, university, small users, they open a retail channel….as of today, the pipeline of signed and verbally committed purchase orders totals approximately $1.2 million… (The retail channel, which essentially has been created in the past 6 months, that went from 0 to about 75% or 80% of that $1.2 million in the pipeline now. We can't prove whether that's a sustainable rate, but it's reasonable to think it might be) [c200k a month 'reasonable']
Phase 1 evaluations being passed and phase 2 well underway
Integration within industry backbone technology which will produce viral sales
3 OEM's well underway with evaluations which will; produce viral sales
3 End Users at critical end of evaluations and could announce sales in near future
The potential for each one of them is a $2 million to $4 million order.
Good feedback,
Fair enough on point 1 and 2, although i still feel if GE had come up with any real solution to this over the last 2-3 years the Baker Hughes lot would have at least been aware of it. Perhaps this also points to the independent nature of Sigma proving a valuable factor, just a thought
But my main point is that the thermal vs optical explanation at this point makes the most sense of a rather opaque situation. Sigma did continue with thermal, and continued looking at thermal patents. GE it seems has continued with optical and 'muscling' their way to inspection. (Lets not forget simple inspection is too late in the process to be truly efficient)
As to why GE have continued their route up until this point... your guess is as good as mine. There is no one on this board who can tell us the real answer at this point. It could well be round the corner, they could stick to their guns and decide that they can suffice with what optical can offer for now, but i personally feel that true physics will win the day and over time will offer efficiencies that will be too great as the industry scales up. Others who are not as intensely involved as GE in the research may well realize that before the likes of GE give up on there efforts.
As a side note, i'm intrigued by how little discussion is given to the retail channel revenues. Seems like a great stream of revenue to help bolster the bottom line. With installations now around the hour mark and i expect smaller revenues easier and quicker to book without extended periods of evaluation, it is a very encouraging move. It reminds me too, at least where i live, of Apple's efforts to gain traction with the younger generation by pushing schools to favor Apple products in the classrooms. This is a great way to spread the understanding of PR3D into the younger workforce. That particular initiative is a slow burner, but a powerful one over time, especially in a software setting.