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Has the market value grown?
No buy pressure. Lets hope very near future is exactly what that means. Very near is subjective so who knows, with GMGI this could be 3 to 6 months. How many shares of the 6 billion is he going to tap into to get on board with this lottery company? My hope is he takes his billion shares and sells for a nice profit and hopefully we see a nice increase in PPS once that happens because the fact of the matter remains, Goodman has been unable to grow the company market value. Every time he puts out news the stock falls. This thing is so manipulated it is crazy. Just while typing they throw up a 5 mill share wall. Get your powder ready, I see us going back in the 2s very soon.
April 2019 - “With steady growth in quarterly revenues and profits and a healthy cash position, complemented by our GM-X platform and strong relationships with some of the gaming industry’s key players,” said Mr. Goodman, “Golden Matrix is now in an excellent position to consider a program of corporate expansion. We are pleased with the opportunities under consideration, and we will keep our shareholders advised of developments as they occur.”
Sep 2019 - “This unique relationship with the Master Distributor will greatly expand the distribution and reach of the 3 Kingdoms portfolio,” said GMGI CEO Brian Goodman. “It marks a milestone for our company and recognition of the GM-X System and its gaming content and should help GMGI to exponentially grow its market share, user base and revenues in fiscal 2019 and beyond.”
Oct 2019 - "With the company’s healthy cash position, complemented by our popular GM-X platform and strong ongoing relationships with some of the gaming industry’s key players, Golden Matrix is now in an excellent position to consider opportunities for corporate expansion. As a result, we are pursuing several timely options and will keep our shareholders advised of developments as they occur.”
Conference Call Jan 2020 - Working on opportunities to expand shareholder values. Couple weeks away from launching unique portfolio with one of the largest gaming distributors in the world. In merger discussions with large government licensed lottery operator that will help up-list to NASDQ. In works to acquire fantasy sports product to enter US market.
March 2020 - Mr. Goodman said he expects to update investors on company progress "in the very near future."
News typically happens on Wed. This would be a good Wed for that IMO.
GM GMGI, Need to make a correction to my last post. I looked back through my notes of the conference call and had a note of 2 weeks for LOI with lottery company in Asia. I went back and listened to the entire call and there was never a two week time frame placed on that LOI. The two weeks was the launch of the traditional games with one of the largest gaming distributors in the world. Goodman stated they were expecting an LOI in the not so distant future and though there are loads of legal aspects to iron out the transaction itself is rather simple and he does not see this taking very long. So the correction is there was no time limit stated on when we should see the LOI as I originally had noted and stated.
With that said, we should see a rather large increase in revs from the launching of the traditional games with the large distributor in the third quarter fins. I am not so sure we will get anything anytime soon on the LOI with the lottery company. Thinking it may be late 2020 before anything materializes from that but its just my opinion and complete guesstimate on that.
In the mean time, hope we can hold low 4s as it has become a strong support level. Very impressive it has held through the last couple days so lets see if it can keep it up!
Checking in here. It seems pretty clear the continued growth has not caught on to the market yet in regards to raising demand and PPS. I wish there would not have been talk of "two weeks or so" in the conference call in regards to LOI's and such because here we are 4 weeks later and no word in the press release or otherwise. I have to believe there is more news coming soon because there was also no news in regards to the kick off the with the largest distributor that I thought had started recently? Coronavirus possibly slowing the process? He mentioned the numbers for Q2 looked promising and then they come out and they are lower than Q1 revs, personally not what I was expecting after hearing the way he was stating it on the conference call. Still good numbers and little to no change in reality though. Really hoping he gets better on communicating these things or keeping them quiet without reference to timelines until he is able to put out a public statement.
Nice post. I agree on all levels. Upside potential here far outweighs down side. No guarantee it all pans out but at this time there has been nothing to indicate this is a scam or lie. I see price jumping over a penny and holding on nothing more than going pink, most likely much higher once the symbol change if and when that happens. I am def. not selling before end of 1st quarter.
Not just normal profit on revs though... GMGI operates @ over a 60% profit margin. So even as GMGI grows and is required to spend more for infrastructure and employees there is still plenty of room to be seeing 40% plus profit margins. Very rare numbers!
Haha, I was being a little facetious. I expect this to hold or drop short term or until any news or filings hit. The reason I am choosing to hold is today was yet another good example on how this thing moves. You will not be able to buy any large lots once news hits IMO, it moves way to easy.
Investing principles do not change from one ticker to the other if there is no indicator of fraud.
SFIO current MC = 3.29m @ .0052 pps
with a PPS of .05 SFIO would have a MC of under 32m
630m shares trading currently
Lets say Rubin doesn't even hit half of his 100m goal and can only get to 32m. 5 pennies is much much higher than a half of a penny IMO.
Haha. Thanks TG!
Todays PR is the first time we have heard a direction of additional acquisitions which were stated as being in the energy drink and spirits arena. Neo is a done deal for Betta4u. Its interesting to hear people say they do not want to watch their money just sit for a few months as they can make more by flipping yet the most successful traders constantly contest their wealth was built by "investing".
Expect this PPS to be much higher in mid 2020.
Hello GMGI! Just checking in. While I am at it I will ask kindly that if you are willing to sell please fill my 400k bid @ 44 :)
A year ago? You must be seeing DD I have not. Can you support this?
Love when you have a bid in at 45 and they are going to play games to load 4s. This is a good sign that any buying pressure will send this much higher.
SFIO up over 65% with less than 1mil in volume. Imagine how this will run when the filings are complete and the symbol change...
People are going to work hard to get your shares
Then this would be a good time to load IMO. People were talking as if this deal was dead and the PR confirms that, though it is taking longer than anticipated, they are in fact still on track. Unless someone is willing to call Rubin a flat out liar, this PR confirms the work going on behind the scenes. If waiting a couple months is considered a while or a long time then I am def. willing to wait a while. This stock will not stay below a penny when the CO is removed which we now know is coming.
It could be, news says expecting to have filings submitted and FINRA approval for name change in first quarter of 2020
I drink some of them because coffee is not my thing. I think this has turned into one of the rare OTC holds for me.
Energy drinks and Alcohol! Have you seen the energy drink market? Just pay attention next time you go into the gas station stores, people buy this stuff and dont even blink that it cost $3.00 a can!
Very excited for this news, adding more down here!
Great News out this morning!
Is this an email response or your DD? Thanks
Good question but I dont see where it really matters all that much as long as it is real and current within the past few weeks. They would most likely not make that statement or any statement for that matter if the deal was not still in play. News is going to send this thing if it continues trading like it has been.
GLTA!
OK, I used the IR email to send my question this time. I had been using the contact us page found on the betta4u webpage which is also the link you are directed to if you click on the contact email from the Betta4u/SFIO twitter page. I just dont see him maintaining the SFIO link on twitter if the deal is not still in play. JMO
Is everyone using the email page linked to the Twitter account?
The point is, nothing has been updated. Nothing has been filed. You cant say the deal didnt last if nothing has changed. It could very well be in the process and it very well could be on the brink of falling through. The last PR stated there was a deal so until something further is announced or updated its all speculation. Its not like they listed Zimmerman then removed him which was what the insinuation was.
Where is your proof that this has been short lived and that it is over?
What are your thoughts on this?
Good morning $GMGI! Not sure what the price action will be today and at this point I do not really care. In fact, I believe I'm going to distance myself from even looking at this daily as this has been a company that has proven to me they do what they say they are going to do to the best of their ability. I'm not sure how many additional non investors even knew about the conference or how that 1 call will make a difference. What I do know is in time this price per share will eventually be much higher and I can say personally I don't plan on selling anytime soon. There are several people here that have several million shares so short term growth may be difficult but I feel those that are the most patient will be the most rewarded. Watching this daily over the last 10 months gave me doubt at times based on silly price action and that is not healthy for me. Going to go trade other stocks and watch this grow and build wealth on material events. Loved the conversations on the board and thanks to NB for keeping others and myself on track with what GMGI really is. Though I was a pain at times you helped me with staying long and I am very thankful for that. I will check in from time to time and as always, GLTA!
Exactly! The up side far outweighs the down potential.
Even if ZBio does not go through.
A discussion I remember a few of us having months back was how much does GMGI make per user. Just running the numbers quickly based on 1st quarter 2020 Revs and profits here is a little different way to look at the profit margins.
With 11 million registered users GMGI made just at $882,000 equating to .08 cents made per user. With profits of just under $546,000 this means the income per user is at .05 cents. Obviously we already knew the profit margins were in the 60% plus range but it is interesting to me to see it when broken down.
Now, on to the NASDAQ! This seems like a large mountain but with the information provided in the conference call, it seems Brian has plans to use a helicopter to climb it. HAHA.
GL to all longs!
Excited for updates and outlook. On call and ready.
All the information you need can be found on the website. If the product was already being sold do you think the stock would be trading at double 00s?
News would be well accepted at this point... Drop it already!!
80% is the same as 100%?? So when people have a choice to buy at $100 or $80 they will choose the $100? Ok
Good evening $GMGI longs. Nice day here. They want you to sell and pay more to get back in.
It's their not there.
Over 40 million people will be unable to access insulin for diabetes over the next several years according to a study by Harvard.
Some of the comments insinuating insulin is not needed show the ignorance on the reality many face.
https://scopeblog.stanford.edu/2018/11/26/with-rising-demand-for-insulin-half-of-those-in-need-will-lack-access-in-2030-new-study-suggests/
One has to ask themselves why an individual would put so much time and energy into degrading and pushing a negative narrative when they actually have zero clue about what is really happening. Court date is set for beginning of Feb. Any speculation and accusations made at this time are complete theories.