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IMO, Goodman is withholding / attempting to time the RS with an announcement/pr he is finalizing. Not very familiar with the RS process and have never completed one but from past experience and everything I have researched, it typically does not take this amount of time. I hope this is the case because I see a big potential for stock demand if he drops the e-sports app/news the same time as the RS.
I am surprised with as long as you have been here you did not bring this up earlier. This WAS a concern of mine in the beginning. However, you do realize this is an audited company correct?? In fact, we are expecting the most recent and stringent audit to date to be released very soon. If your accusations were true, the audit would capture that. That would be very difficult to hide.
Unusual to see back to back 911 trades. Hopefully the next PR or news is substantial enough to raise the PPS after R/S. If not, in time it will be. GMGI is printing around 60% profit margins quarter over quarter.
GMGI looking good.
Noticed in the latest PR they stated they are still at 310 operators. Curious as to the final number added over the last two months. Thinking they would have been over 310 by now.
Also looking for one of the two outcomes:
1) Numbers for last quarter are really good and they are holding those to announce in conjunction with the split or..
2) Numbers are close to the same in which case we would probably see some selling based on the hype around the numbers the last few months.
Thinking it is going to be outcome one but time will tell. Holding 8-9 range nicely!
Reasons for a Reverse Split
A reverse split would most likely be performed to prevent a company's stock from being delisted from an exchange. If a stock price falls below $1, the stock is at risk of being delisted from stock exchanges that have minimum share price rules. Reverse stock splits can increase share prices to avoid delisting, and being listed on a major exchange is important for attracting equity investors.
A reverse split might also be done to boost the company's image if the stock price has dropped dramatically. If the stock is trading in the single digits, it is likely to be considered a risky investment, particularly if the price is near $1 or considered a penny stock by investors. A reverse split might be engineered by a company to protect it's brand's image by trying to avoid the penny stock label. There is a negative stigma attached to penny stocks traded only over the counter (OTC).
A reverse split that sends the stock higher might draw more attention from analysts. Higher-priced stocks attract more attention from market analysts, and a favorable view from analysts is excellent marketing for the company.
Reverse Split Implications
Reverse stock splits can carry a negative connotation. As stated earlier, a company is more likely to undergo a reverse stock split if its share price has fallen so low that it is in danger of being delisted. As a result, investors might believe the company is struggling and the reverse split is nothing more than an accounting gimmick.
However, a reverse split can be beneficial to a company by boosting its stock price to a level that enables it to transition from a penny stock traded over the counter to a stock listed on a major exchange. Such a transition attracts the interest of more investors.
Haha, nothing has changed. Will still be printing money every quarter. People are week. This is why GMGI should be out of otc
I agree, people think pumping because they are not use to seeing these numbers and setup down here. IMO of course. haha
Very true. IMO, people predicting numbers are doing just that, predicting. However, there is no pumping in the company numbers, the business plan and the reality of huge potential here. PPS could stay where it is, go higher and even go lower, no one here really knows. However, if you believe in fundamental investing this company is as sound as you can have at this stage. Everything happening has not happened over night and it will not happen over night moving forward. People invest with different strategies so good luck to the day traders, shorts and longs. I personally will ignore the extreme on both ends and remember at the end of the day this company is young and growing with consistent profit margins of 50 to 60%. I will be with them on the bigger boards even though there may be a slight downtrend when they first get there.
Up 11% pm?? Did I miss news or something?
Yes, I was mistakenly thinking Sep instead of July for FY. Not sure why but I was thinking that. I may be optimistic here and do not want to say this is what it will be but I could see 3rd quarter numbers being above a million.
That's right.
"During these challenging times, which has included the closing of many land-based casinos, Golden Matrix -- and other companies in the online gaming sector -- are beginning to see an increase in consumer demand for online gaming services," said Golden Matrix CEO Brian Goodman.
Goodman has led the company through seven consecutive quarters of revenue growth before a flat quarter in Q2, which he calls an anomaly even though it was in line with record revenue in Q1. To that point, he expects continued growth, both organically and potentially through acquisitions, going forward. He thinks the COVID-19 crisis could even result in “a significant escalation of online gaming” owing to the closure of land-based gaming facilities around the world.
Flat quarter but he has been saying in several PRs there is or has been an increase in demand. Is there a lag here or what am I missing. Obviously they are making money but with all the previous PR's I was under the impression we would see better than previous quarter results.
Great new article reporting 1.9 million revs with over 900k in profits for first six months of fiscal year 2020. Good news
Wow. Volume is insane today!!
Haha, just practicing.
Have a safe week everyone!
Yes, this just goes along with the idea of why would they want to purchase at 0063 if they are going to turn around and crash the stock back to trips...
Was there a filing showing where the CEO and CFO were able to actually buy more shares at .006?? That is going to seem like a rip off to investors when they do that and the share price is about .01 IMO. Haha.
I think the big concern for many is the market cap this puts on the company. To me, this is why it is crucial they take steps to get out of the OTC because no amount of large volume will invest in these high OS/AS stocks, especially with any long term strategy. What would the market valuation be if we were trading at a dime, like 280 million? I hate to say it but in the back of my mind I can only see the OS going up based off Goodman's comments that he will be using shares to make any purchases and I am sure he will do the same for the new board members he brings on. Just really may be the biggest downside to this stock IMO.
"What’s more, our site also features an extensive library of slots, casino and poker games, as well as many more online gambling products."
It appears if any company on the OTC mentions Covid-19 the SEC is suspends or halts it... Never seen anything like it. Meanwhile, GMGI is profiting close to a half million a quarter and is unable to break .005. On top of that I see some negative posts on Twit world talking about related party concerns with GMGI. Is investing about fundamentals or popularity now??
That is the only thing you can think when Rubin has no respect to put together a paragraph stating intent is same simply delayed for obvious reasons. He said by end of q1. At this point he is a liar because he won't take an hour out of his crazy busy life to make a public statement. Hell a statement on Twitter would probably suffice. Good luck
So ridiculous we can not even get a simple PR stating things are simply on hold. Poor management on this IMO
May have some people jumping ship to chase ALPP?? Hopefully Goodman puts some actual numbers or filings out about mergers/accusations, revenue increases, etc. soon. Something has to eventually get this thing moving...
You chart guys may be able to confirm or deny this but it looks to me like we now have a gap to fill on the upside with that open this morning...
Yes, ground floor with only one way to go with any significant move. A few on here will try and step up if we drop a few points but they know support is built and the uptrend is in place long term. Have a good day longs and stay safe!
Yes, it will happen, if not today, some day in the near future.
Pure manipulation. They do this all the time on the open of this stock then walk it down all day. I am ready for the day we gap or increase 30% plus with actual bid support.
Fake news
Ok, E trade is showing the 911 million.
Goodman and Feng own 205.6 m shares of OS
40% of OS is locked if my numbers are correct.
Luxor Capital, LLC owns 911.2 M shares of the OS
E Trade Profitability Report:
GMGI's Gross Margin is more than 100% of other companies in the Online Services industry, which means it has more cash to spend on business operations as compared to its peers. As indicated by the Operating Margin, GMGI controls its costs and expenses better than 99% of its peers.
You typically post the buy vs sale stats. Can you do that for today's trading action please?
This is a great setup and glad to see the communication. After reading it a few times I believe the rumors that started this weekend on the board may have significant truth to them. I am hopeful yet hesitant on trading action simply for the reason that most of us longs knew these things already and I feel it is going to take an actual filing to see any true movement to the extent we all know is coming at one point or another IMO.
I believe he addresses one of the major concerns regarding RS by his comments in the PR.
My strategy will be to continue holding and try to purchase on all dips. Money is not as available to most at the moment for obvious reasons and I am more hesitant to purchase non essential items even knowing the potential of return.
$1.50 a share?? Going to be valued at over 3 Billion dollars! I love it. Haha
Hopefully something is in the works that gets people interested in buying because up to this point making money at a 60% profit margin for the last 8 quarters isn't doing it.
"Golden Matrix currently has over 310 gaming operator clients and more than Two million registered end-users worldwide."
On the conference call Goodman stated GMGI had over 11 million registered users with over a million sanctimoniously active at one point.
Now we have a PR that states there are over 2 million registered users? Could this possibly be a misunderstanding or miss-wording?
Let me be clear on my stance.
GMGI is a profit making machine - Has not changed and only getting better
GMGI operates at a 50 - 60% PM - Who does that???
GMGI is a long term stock
I simply do not understand why they must continue to make expansion and up-list statements and not deliver. For over a year. They want to only do things that are in shareholder value but by making these statements and then not delivering has only negatively impacted shareholders, at least in short term IMO. Goodman is directly responsible for these statements and I believe shareholders are warranted in asking, what can we expect with the statement "very near future"?
I stated the Market value, pps has not increased in the past year. You keep up with the convo and stop putting words in my mouth. You act as if there is no wrong or room for improvement. Many on this board are frustrated with over a year and a half of up list coming, merger coming, bla bla bla. Make it happen or just keep your business model and stop saying it is going to happen. Where are the shares going to come from. We are going to go to 4 billion OS when this happens, what will that do to the market cap? These questions are warranted. Goodman better deliver on "In the very near future" because he has not delivered on any of the other "updates" he has talked about in regards to mergers, etc. As a result, the stock price has continued to suffer.
I did not see the PR stating they have 300 operators. The last number that was mentioned that I recall is 150 and that was given on the conference call in Jan. Can you share the PR I missed please?
Not going to debate clear facts with you on this. He has stated for the past 2 years how GMGI is looking at corporate expansion and uplist. Its time he delivers. Its time he delivers and stops with the in the near future jargon or simply don't even state it... The stock price which is used to calculate the market value has not increased from the time he began making these statements. Even before Covid outbreak it was on a decline.
I never said they were not making money but he has been unable to grow the market value.