Ooooh Yehh
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My shares are long as well. Still holding.
Maybe we will see a GMER announces partnership with Sony PR at some point given the COOs history.
That was David's original plan. I too think a Reverse Merger is the actual play at hand.
ViaOne makes a lot of sense, but could be an outsider as well.
New Market maker OTCN on the bid / ask
I'd like to read a halfway thoughtful post.
They're taking steps. We gotta give them credit where credit is due and critique where we thi k they're failing.
They were failing on exposure, so they're working to correct it.
We can shit on them and support them at the same time.
This is a time to support. Hopefully David can shed some light into why people should be excited to invest in them and how they're going to underprivileged and over deliver to their shareholders.
That last line is a critique of their previous model.
Anyone have any guesses as to who has the constant 220k ask up? It's the same 220k shares that's driven this down. Everyday, same ask.
I wonder who it could be? Someone looking for a buy back lower plan? What's his name? Joe Brandon?
That's what I hope as well. Dedicate some time to microbuddies, but start building out a better and greater idea.
Microbuddies is mostly completed. It is what it is at this point.
The mechanics can be tweaked here and there but we don't need to dedicate many more resources to it.
Build a better and more immersive game / metaverse.
Microbuddies isn't the answer at this point, but it can be a means to the correct answer.
Didn't we just get news of a well experienced new hire for GMER? David Sterling? The former Vice President of Business Development for Sony and LOOT Interactive?
https://venturebeat.com/2014/11/05/loot-entertainment-moves-out-of-sonys-home/
He recently updated his LinkedIn to reflect his new position as COO of Good Gaming.
https://www.linkedin.com/in/davidmsterling21
"Collaborate with the board of directors and executive committee in setting and driving organizational vision, operational strategy, business development/partnerships and hiring needs.
Translate strategy into actionable goals for performance and growth helping to implement organization-wide goal setting, performance management, and annual operating planning
Oversee company operations and employee productivity, building a highly inclusive culture ensuring team members thrive and organizational outcomes are met
Ensure effective recruiting, onboarding, professional development, performance management, and retention"
It's not common for things to hold their rankings. But we have a lot of room to grow. Everything new to market jumps the ranking quick because literally any volume is a huge percentage increase over their previous trading volume of 0.
The link doesn't take you to what I was looking at. But go to dollar Volume and scroll set parameters from 2017 -2022. And you see the growth begin to uptick big time.
Fun little chart, you see a big spike in 2021 but overall you see steady growth.
https://nonfungible.com/market/history
Nah, he's still complaining. The company does exactly what he wants and still complains.
Well said, and I agree. This may not be too bad of a deal if the company acts responsibly, but it also leaves the door open for them to really screw us.
Like you said, they need to update share count daily to keep investors, especially longs willing to stick around. They've broken trust, and that's very hard to get back, if they can even accomplish regaining it.
100k I believe is what I read. To Infinity Global Consulting. Aka Joseph Vazquez
Do you think they needed the $3million? Not that it would be nice to have $3million, but did they need $3million to launch this game? Because so far the investors have taken a beating from this funding.
Also,
It's odd that even the developer and mods are quiet in their discord server.
A simple PR stating that they launched the game, it's doing "x" and there plan to scale it to "y" is.... whatever their plan is.
An update saying they are seeing user growth, # of transactions is up "x" percent, they're using the funding for "x" activities to drive growth.
Their plans for 2022 are "x"
It seems pretty simple recipe for a PR.
Why is the discord employee interaction and C suite a ghost town literally the day after they launched?
I think it's really good for a new game that new. It's getting new players. Cryptokitties had sales of 100+ ETH per cryptokitty at first. But I think ETH back then was like $10.
The game has gained several hundred players since launch.
I used to be on your side, big time. But he's not wrong. Its been in a downtrend for 6 months, why would tomorrow be any different?
Hard to tell, the institutional investors can short it down to nothing if they want and still make a ton of money. A good buy in price is when they're done screwing us over.
I'd still like to know what the $3mil is being used on. They did the deal, it completely tanked the price. All Gen 0 holders are screwed for the most part.
There's not $3mil worth of marketing you could possibly do to this game.
It feels like the CEO took the money at the expense of everyone who initially supported them.
It feels like Gen 0 and the investors who stabilized this price in the high .40s were punished because they missed their deadlines they self imposed, and then the CEO sold them out further by taking a $3mil deal that allows the institutional investors to short the stock to hedge their bets.
Now 99% of Gen 0 is screwed, enthusiasm is in the toilet for this, CEO has lost credibility and trust that he 1) can deliver on time 2) is there to help shareholders gain value and 3) he's a typical OTC CEO who will sell out his supporters for a quick buck.
They had $650k in ETH and choose to sit on it instead of use that for the marketing.
Now we have a collapsed share price, shareholders who just want to bail with less of a loss.
Some people always see the glass as full instead of what it is, leaking water quickly.
That's the problem, a lot of the early support is the investors. And the CEO has screwed them over. So any good news or whatever, this group of investors is probably looking for an exit strategy now instead of continuing to ride and support the company, their product, and their stock.
The CEO took the quick buck at the expense of everyone who actually cared to see them grow.
Shooting your customer base and supporters is about the dumbest move I can see a CEO making.
Yet here we are.
I was riding along for awhile, a long while, and justifying things to myself to make things make sense.
It will take a while to churn out the burned investors, and a find a new set dedicated enough to learn a whole new system in crypto and jump through the hoops crypto forces you through to support their stock and products.
And this is the problem, the CEO took faithful long holders, who have held awhile through thick and thin. And turned them bearish just hoping to not lose to much.
This is why the S1 was stupid. The CEO let the wolves kill his faithful flock.
He's lost the trust of the Gen 0 holders who funded this game from the start.
Very stupid move. In my opinion.
I will never understand why penny stock CEOs do everything they can to screw over the faithful longs.
Every. Single. Time.
This is the one time I thought it was different then all the other times.
Short answer. It was the exact same.
But could they not have accomplished that same goal without the S1 and subsequent institutional shorting taking place. It's becoming more apparent by the day that this is what is taking place.
They could have rolled that debt to preferred shares like they did, and used the cash from Gen 0 sales to promote all without screwing over the Gen 0 buyers who were are also their investors from a higher range.
They had a good group of investors here who gave them $650,000 for tokens to the game. They invested in the company to see it prosper.
The institutional investors are screwing over the entire shareholder base that supported this early on. $3 million is not needed to market this game in the world of retweets and shares. It's not like they're running TV ads.
The CEO should address why he let the institutional investors in in the first place. The $3 mil is nice but not needed. They could have marketed this game just fine with $650k the shareholders invested in their product.
The CEO sold out the very crowd that raised the shareprice from the floor and funded the early operation of this project.
If you disagree, I would like to hear why you think they needed the S1 investors and gave them open reign to short against us.
Everything was going well until they got involved, the share price was declining - but that was because the company missed their deadlines and pushed the game out.
.22c to .07c and still dropping. All thanks to the institutional "investment"
I'm expecting a high volume last ditch shirt attack to close this position out. That's when we will see a return to normalcy here.
The institutional investors have entered, F'd us, and gave the company some money to pimp us out.
The link in my last message is a pdf so it'll ask you to open it if you want to read the rest.
It seems like that's what we have going on here.
Looking at this document. It appears like the institutional investors are following this plan exactly.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.paulhastings.com/docs/default-source/PDFs/1351.pdf&ved=2ahUKEwi3wLHx3fX0AhWtg-AKHaX0CfsQFnoECC8QBg&usg=AOvVaw0xSBiHNR_cPrF5oMDko74G
In large part based upon the anticipated decline in the trading price
of an issuer’s stock following the public announcement of a PIPE,
many PIPE investor groups elect to hedge their investment in the is-
suer’s publicly-traded stock. Short sales are one of the most common
forms of hedging activities by these investors. In a conventional short
sale eected in connection with a PIPE, promptly after the issuer
publicly announces the PIPE transaction (or in some cases, prior to its
public announcement), the investor borrows the issuer’s publicly-
traded security from a third party, which is often a brokerage -
rm,
and sells it through a market transaction pursuant to an exemption
from registration provided under Section 4(1) of the Securities Act.
The investor pays a loan or transaction fee to the lender for the bor-
rowed shares. At some point following the sale, the investor acquires
the number of shares equal to the borrowed amount through a public
or private transaction and provides (i.e., returns) them to the lender.
The delivery of the shares to the lender is referred to as “covering” the
investor’s short position. In a number of instances, PIPE investors
have covered their short positions in the issuer’s securities by deliver-
ing shares they purchased in the PIPE transaction after the registra-
tion statement covering the resale of those shares was declared eec-
tive by the SEC.
My brokerage is reflecting the decimal in the wrong spot. It says .08 instead of $8.00
Weird. Can we get this fixed soon?
What Good would putting out a PR about something we already know do on a overall weak day in the markets?
We need a PR with real info, real stats (which they don't have yet) and real forward looking projections.
I think you're forgetting May 27th.
Yep, this is opening weekend. People selling cheap buddies are doing us a favor by allowing new players to join and spread the word.
It doesn't take long. 1 person tells 2 people, 2 tell 4, etc... the snowball is just getting started.
Being on polygon also allows people to take a chance on the game, they can buy an NFT and get started for the price of just the gas fee on ethereum.
Also, I believe the company is taking .01 matic per transaction which will add up quickly. They should hold onto that position, as more projects switch to polygon matic is likely to increase in price and has a fixed total supply unlike other networks.
I disagree that they should have released news today. What are they going to announce? "The game launched" we already knew that.
The next PR should come on a day when the market ad a whole is friendly, not a deep red day on SPY premarket.
It should include how they're seeing user growth, a little bit on sales and projections, and future projections of what's next.
We don't need them to baby feed us news that we already know.
There is 0 reason for the continued selling pressure in this range. The debt is cleared up, the game has launched, they're making money, and have close to $4mil in cash and cash equivalents.
Some people are messing around with this, probably people who bought low, sold a bit higher, and consistently post bearish sentiments on a stock they "have no interest in".
5% of sales on every transaction + a small matic fee per transaction
Those include all the Gen 0's, so about 200ish buddies have been replicated so far it looks like.
It'll take a little bit for GOO holdings to increase so people can replicate further.
A few issues with caching it looks like but the team is upgrading their backend to handle the influx of activity on the servers.
Overall, success I'd say.
Have you not been keeping up with the news cycle here?
Dec. 17th. Which is tomorrow.
With today's news the balance sheet will look better. Everything's lining up great here.
I'm betting that's you at .109 trying to buy 280k shares back.
They've made close to $700k so far and it hasn't even released yet. Lol
Interesting to see VERT take top bid premarket.
Just don't gap it. Start low, end high.
Make GMER Great Again
You didn't do too bad, average price today was .1195