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I doubt it. However, if it did, I would take the opportunity to BUY more. Thank you very much :)
Many penny stocks do dry up on the vine, because they have no sales, no earnings, no profits, and no cash. What if, there was a sub penny stock that had consistent earnings and profits, quarter after quarter, year after year? Also had growth and cash on hand? GMGI does have that, and more.
Strong fundamentals, and opportunity! As the float becomes tighter and the industry also realizes they need the addition of online capability, GMGI will continue to profit and grow. It will move past the penny, and then accelerate. imo.
My cash is on GMGI, if you play the broad market, you should have bought a handful of select leveraged ETFs 3x earlier this morning, but even that hefty return won't match the Golden Matrix Group's coming paydays, imo.
I agree, as well. Perhaps a time to accumulate more at these low prices.
Indeed!
CEO Brian Goodman. "Going forward, we expect the company's market share to continue to improve. Additionally, the company is now positioned to expand operations and plans to enter new gaming-related markets, which will significantly increase revenues and profitability in 2020 and beyond." Bringing in a BIG partner that expands their base many fold will certainly raise morale, awareness, and PPS. Golden Matrix Group total assets as of January 31, 2020 increased to $3,717,558, up 24% from $3,005,050 at fiscal year-end 2019. Cash and cash equivalents totaled $1,856,505. Coronavirus is a ‘wake-up call’ for China, Macau casinos to embrace online gambling "Online gambling up 90%". GMGI is in all of APAC, a dozen or more Asian APAC countries!
When considering GMGI Golden Matrix Group, examine the broad picture and what is lining up. Major Asian countries, lead by China pushing 4G/5G Smartphones deeper into the country side and all major cities. Bringing online service virtually every where. Numbers in the Billions. All part of the APAC Region (Asia-Pacific) Macau, Singapore, Japan, Indonesia, India, South Korea, China, Vietnam, Thailand, Australia, and more that GMGI services. Over half the entire planet's people.
There's been and is massive expansion of gambling worldwide and across the Asia Pacific; including also Japan, Philippines, Taiwan, Macau, and India. In many of cases, Billions of dollars spent on sticks and bricks Casinos. Do you really think those major companies are going to take huge loses as the warm body counts decrease due to fear of crowds? Current and future viruses? No. Online gambling requires a nation’s ability to be high technology, smartphones and tablets, it also requires rules and regulations. The online gambling market keeps its pace with each year, the future is optimistic. And the reason the adoption of this new phenomenon is the only option.
In the midst we have GMGI with Online Casino Gambling through Licensed International Sticks and bricks casinos, over a 350 GMGI Casino Operators now, with over 2 million GMGI registered users. A proven system with growing earnings and customers. A serious outbreak of a Coronavirus in the midst of this population is threatening how we live and do business on the planet. Look how it has already impacted our US markets and people, even 12,000 miles away!
The times are changing, the population will not forget this. Fear keeps people from public contact and congested large crowd environments. The population seeks at-home entertainment, online activities surge. Many people like their gambling, Asia is said to "love it", many people worldwide do. Quite common. Not a secret. Here sits GMGI Golden Matrix Group an upstart company, capable of delivering Online traditional Asian Casino Gambling to the Region. Experienced, proven software Platform, with a large variety of gambling Casino Games, delivered by over 350 International Casinos to the Smartphones, tablets, notebooks, and desktops of the Asian Region.
When a deal is done with shares to expand even more, it will put a big handful in tight hands. In effect reducing the float from the general market. The potential for growth is tremendous, IMO.
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 rare opportunities like (GMGI) Golden Matrix Group.
Plus doing the deal with shares, will put a big handful in tight hands. In effect reducing the float from the general market, imo.
Bringing in a big partner that expands their base many fold will certainly raise morale, awareness, and PPS.
A share buyback is a total waste of cash. Obviously there is a point in accumulating real cash in the bank. The only thing a share buyback would accomplish is, having NO cash. Having funds available for expanding the business and customer base, plus closing deals is far more significant, imo.
Game over, does that mean you're leaving?
I noticed the licensed Casino Operators (their direct customer) more than doubled.
GMGI Golden Matrix is solid fundamentally, with total assets as of January 31, 2020 increased to $3,717,558, up 24% from $3,005,050 at fiscal year-end 2019. Cash and cash equivalents totaled $1,856,505.
Their market share continues to improve. Additionally, the company is now positioned to expand operations and plans to enter new gaming-related markets, which will significantly increase revenues and profitability in 2020 and beyond.
Even the Coronavirus can't slow them down. Deals pending.
In a growing Online Casino Gambling market with massive expansion of 4/5G communication Support. The stars are aligned.
Yes, GMGI has one heck of a profit margin.
"While other companies may have experienced slowdowns as a result of the Coronavirus, our business has remained relatively unaffected." CEO Goodman
Mr. Goodman noted that total assets as of January 31, 2020 increased to $3,717,558, up 24% from $3,005,050 at fiscal year-end 2019. Cash and cash equivalents totaled $1,856,505.
CEO Brian Goodman. "Going forward, we expect the company's market share to continue to improve. Additionally, the company is now positioned to expand operations and plans to enter new gaming-related markets, which will significantly increase revenues and profitability in 2020 and beyond.
The more likely event is, we will be testing our highs.
Good morning! Actual Quarterly Report this week? Maybe an update on pending deals? Lot happening.
Just a thought. "A Cinderella story if there ever was one …" The Coronavirus scare is also killing the Asian Casino business. I can only imagine them scrambling now, to counter act this unfortunate situation. The obvious solution is to supplement their income with an Online access and system.
This quote is now more true than ever, "With its stellar growth Golden Matrix Group, Inc. may be a walking takeover target."
"GMGI - Online gaming, a subsector of Hotels, Gaming & Leisure Sector, is fast becoming a reality worldwide and for Golden Matrix Group (OTC: GMGI) it’s proven to be a good bet in its focus on the Asian-Pacific market.
The online gaming subsector is highly competitive without dominant players, notes S&P in a 2019 Industry Survey. Yet its growth is far exceeding brick and mortar casinos. Within the Asian-Pacific market GMGI is standing out, evidenced by six consecutive quarters of growth and earnings. A Cinderella story if there ever was one …"
"The Asia-Pacific market is the largest in the world, according to Standard & Poors. Macau alone generated more than six times that of Las Vegas – $37 billion in 2019 and growing. Fueling that growth has been an increase in per capita income, while in emerging Asia-Pacific markets, internet and mobile penetration has grown dramatically in the last few years."
"While the online gaming subsector is fragmented with no dominant players, GMGI beat out all of its peers in Standard & Poors Hotel, Gaming & Leisure Industry Survey, December 2019 in revenue growth, reporting 215% growth compared to the Sector average of 6.7%. That is a rare event for any microcap stock, regardless of its sector. With its stellar growth Golden Matrix Group, Inc. may be a walking takeover target."
https://newsblaze.com/business/marketing/asia-pacific-online-gaming-market-proves-a-good-bet-for-golden-matrix-group_161753/
The broad market is primarily driven by earnings, the fundamentals. Even then stocks swing based on technical timing. As always though, you have the fear and greed factors, that drive prices to the extremes. When the smoke clears, smart money picks through the pile and buy companies with strong earnings and growth at sale prices. Short term trading is a bit different. I see GMGI as an investment, longer term, with larger returns.
Also a lot of computer driven trades are on big blocks and index funds. Computers still have not learned to "read" the headlines very well. This triggers big automated trading, which scares the public, so they join with fear driven selling. Since we already were due for a correction, the Virus scare easily fuels it.
There are REAL fundamental concerns, many companies are tied to China for goods they rely on. This will effect their earnings. The penny market is not so different, although less predictable due to inexperienced investors and startup companies.
Actually, GMGI will benefit from the Virus, some other companies will too, like in the drug business or even mask business will.
Many pennies don't have real earnings and growth like GMGI. Golden Matrix has the real makings of a company that can succeed. That is quite rare. Casino style gamblers have no where else to turn, specially in Asia. Except to GMGI Online Casino Gambling. So profits will go up, and deals will come easier, IMO.
Yup, I am still 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 rare opportunities like (GMGI) Golden Matrix Group.
Many casual investors I've spoke with, do not understand GMGI business. Most think it's a Chinese company and the Virus will affect it. Much like the crowd mentality that's fueling the broad markets now.
However, in reference to earnings, it's just the opposite. Casino gamblers through out the Asian Pacific have no where to turn but to online Casino Games. The Virus will continue to increase GMGI earnings. It will also make partnerships with the stick and bricks casinos much easier to do business with, as they scramble to cover their backsides. I remain Long, and see this as a buying opportunity, imo.
Individual facts and expert opinions alone, don't tell the whole story, IMO. I look at the bigger picture, and connect the dots! If this helps others do the same, all for the good. What goes around, does come around. If some prefer to offer turd and bull advice, that's their contribution choice. These are the times...
1. Major Asian countries, lead by China pushing 4G/5G Smartphones deeper into the country side and all major cities. Bringing online service virtually every where. Numbers in the Billions.
2. All part of the APAC Region (Asia-Pacific) Macau, Singapore, Japan, Indonesia, India, South Korea, China, Vietnam, Thailand, Australia, and more that GMGI services. Over half the entire planet's people.
3. There's been and is massive expansion of gambling worldwide and across the Asia Pacific; including also Japan, Philippines, Taiwan, Macau, and India. In many of cases, Billions of dollars spent on sticks and bricks Casinos. Do you really think those major companies are going to take huge loses as the warm body counts decrease due to fear of crowds? Current and future viruses? No. Online gambling requires a nation’s ability to be high technology, smartphones and tablets, it also requires rules and regs. The online gambling market keeps its pace with each year, the future is optimistic. And the reason the adoption of this new phenomenon is the only option.
4. In the midst we have GMGI with Online Casino Gambling through Licensed International Sticks and bricks casinos, over a 150 GMGI Casino Operators now, with over 11 million GMGI registered users. A proven system with growing earnings and customers.
5. A serious outbreak of a Coronavirus in the midst of this population is threatening how we live and do business on the planet. Look how it has already impacted our US markets and people, even 12,000 miles away!
6. The times are changing, the population will not forget this. Fear keeps people from public contact and congested large crowd environments. The population seeks at-home entertainment, online activities surge. Many people like their gambling, Asia is said to "love it", many people worldwide do. Quite common. Not a secret.
7. Here sits GMGI Golden Matrix Group an upstart company, capable of delivering Online traditional Asian Casino Gambling to the Region. Experienced, proven software Platform, with a large variety of gambling Casino Games, delivered by over 150 International Casinos to the Smartphones, tablets, notebooks, and desktops of the Asian Region. The potential for growth is off the charts, IMO.
It's this vision I see so clearly, I am a shareholder that continues to buy and accumulate. YES, do your own homework, I do mine and no trouble sharing with you.
Disclosure is the Law and a courtesy. And there is no need to trust my DD, do your own. Your welcome.
This is only my opinion, but I suspect Casinos all throughout the vast APAC Region of a dozen major counties, and over half the world's population are re-thinking Online Casino Gambling right now. As the people of these areas fear the crowds and look to stay home methods for their gambling entertainment. One would think, the International Casinos are scrambling to fill this void in income. Perhaps these fears may also encourage the US to take another look as well. I believe all of this can only benefit GMGI Golden Matrix Group.
Visitation at Macau casinos is down roughly 70%. However, “Daily Online gambling is up 90% over the Lunar New Year holiday compared to last year,” Ader told CNBC’s “Squawk Box” on Tuesday. “That’s an unbelievable number, and it raises the issue of should land-based operators be converging around the world with online operators. That’s really the growing trend,” he said.
As the coronavirus continues to spread as people seek other entertainment and human connection. New data collected by the attribution company AppsFlyer revealed that travel app bookings have declined, but online social Casino Games are up 56%, USA Today Feb 19.
Advice from Asia-Pacific head of UBS Global Wealth Management's chief investment office, invest in "stay-at-home stocks. Companies exposed to online consumption, such as gaming".
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 rare opportunities like (GMGI) Golden Matrix Group.
Ghost town, here today.
Coronavirus is a ‘wake-up call’ for China, Macau casinos to embrace online gambling "Online gambling up 90%". GMGI is in all of APAC, a dozen or more Asian APAC countries!
https://www.cnbc.com/2020/01/29/coronavirus-is-online-gambling-wake-up-call-for-macau-casinos.html
I say this some what in jest; but if these virus fears continue, the only Casino Gambling will be on your GMGI Smartphone in Asia.
A sub penny stock with a PE? Earnings? Profits? Growth? Who would of thunk it?
Good morning :)
Indeed! :)
Considering the CEO of GMGI has (like most CEOs) a big bundle of shares, what possible benefit would an R/S serve? What motivation would there be? This talk of an RS is pure nonsense! GMGI only needs to rise above a penny to file for a Tier upgrade, that will occur soon enough. That action will put more money in his pockets (and ours) than any other possible move. Also, what possible motivation does a non-shareholder have to complain about? Curious.
GMGI Golden Matrix Group has a third party accounting firm that Audits GMGI books.One of the requirements to get an OTC QB upgrade is audited third party financials and Audits by a PCAOB firm. Companies must have audited annual financials by a PCAOB auditor, be FINRA and the SEC approved.
What is PCAOB? The Public Company Accounting Oversight Board (PCAOB) is a non-profit organization that regulates auditors of publicly traded companies. The purpose of PCAOB is to minimize audit risk. GMGI has audited financials and are performed by M&K CPAS, PLLC, Houston Accounting & Auditing CPA Firm. "Our firm is proud to be registered with the PCAOB. The distinction of being a PCAOB registered accounting firm allows us to offer the highest level of service and expertise to our clients."
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 rare opportunities like (GMGI) Golden Matrix Group. Always be ethical. Always! What goes around, does come around.
The hand-held online Casino Gambling Industry continues to explode in growth. The APAC Region, Asian market is leading the way. Many other of the predominant dozen countries within the region are also getting onboard. Major governments want a piece of the potential huge taxes. The Smartphone and 4/5G markets continue to penetrate the Region at an alarming rate of expansion and growth reaching more potential customers.
More registered smartphone users, in the billions now, more GMGI registered users in the millions. The ability to expand is great! With a GMGI headquarters "laying quietly" in Las Vegas for future US markets, an additional headquarters in Sidney, and a third in the gambling capital of the world, Macau.
GMGI also has contracts with over 150 International Casino Operators throughout the APAC region (over half the world's population) and Casinos throughout Europe.
Golden Matrix has cash on hand, and more potential partners in the wings. As the broad markets currently corrects due primarily to virus fears, online, stay at home casino gambling is actually on the rise even more. This is further confirmed by GMGI's current increase in GMGI earnings during these times from their 0ver 11 million registered users.
The company has low overhead, high profit margins, toxic debt free, cash on hand and have demonstrated quarter after quarter, year after year continued profit growth. GMGI has more new games coming out as well. The float will dry up, as more discover and realize the potential profits to be made. IMO, GMGI will manage to rise to the OTC QB market, and the much wider exposure to the Institutional Investors will fuel PPS to very rewarding levels. Personally, I plan to hold my hoarding pile and accumulate more along the way.
In a couple weeks or less, another winning quarterly report will be out, we may also receive news and confirmation of the many pending deals in the works. There seem to be several. All of this, with strong fundamentals from a stock that can be had for a half penny. Everyone has their own opinions, these are mine. I believe they are very credible.
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 rare opportunities like (GMGI) Golden Matrix Group.
“Stupid is as stupid does.” – Forrest Gump
More and New games, plus more Casino Operators. Watch that GMGI 11 million Registered Users number explode and grow, with the massive expansion of 4G and 5G and the growing 2.5 BILLION registered Smart phones in Asia.
There are a lot of penny stocks, with large floats and a lot of hype. Yes, they have their days when they pop, and drop. Lots of promises. There are big differences between those and GMGI. Golden Matrix has great earnings, and continues quarter after quarter after quarter with growth, with a very solid profit margin. In a growing industry. They have no toxic debt and over a couple million bucks in the bank. New Casino Games coming, more Casino Operators, more registered users added to the over 11 million now. Pending new deals and another very profitable Quarter.
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 rare opportunities like (GMGI) Golden Matrix Group.