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Wednesday, May 16, 2018 12:59:44 PM
This is huge in my opinion. GMGI is a fully reporting SEC filing company. Per the GMGI most recent 10-Q filed with the SEC, GMGI and Amazon (through Amazon's wholly owned subsidiary Game Sparks Technologies Limited) to have reaffirmed their operator service agreement is huge. This agreement with Gamesparks, which is owned by Amazon to assist in creating an online gaming platform, could be what initially revolutionize the recently new ruling of the Supreme Court approval of sports gambling as mentioned with supporting links within the post below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140791716
It looks like Amazon wants in and with GMGI. As I had stated before, GMGI with Amazon already has much of the infrastructure in place. This puts them light years ahead of many companies that will be making this a multi-billion dollar industry IMHO.
http://goldenmatrix.com/
https://backend.otcmarkets.com/otcapi/company/sec-filings/12621077/content/html
NOTE 9 – SUBSEQUENT EVENTS
On February 28, 2018, the Company entered an Asset Purchase Agreement with Luxor Capital LLC (“Luxor”), which is wholly owned by the Company’s Chief Executive Officer Anthony Goodman, pursuant to which the Company agree to purchase certain Intellectual Property and Know-how (the “GM2 Asset”). The GM2 Asset purchased is expected to lead to new clients and incremental revenues by allowing the Company to offer unique IP to Social Gaming Clientele.
On March 1 2018, the Company entered into a License Agreement with Articulate Pty Ltd. (“Articulate”), an affiliate of Mr. Goodman. Pursuant to the License Agreement, Articulate will receive a license from the Company to use the GM2 Asset technology. Articulate will pay the Company a usage fee calculated as a certain percentage of the monthly content and software usage within the GM2 Asset system.
On March 2, 2018, the Company reaffirmed its operator service agreement with Game Sparks Technologies Limited (“Gamesparks”), now a wholly owned division of Amazon.com Inc (“Amazon”). Whilst there have been certain delays in fully launching the Social Gaming Platform, GameSparks confirmed that it has long shared Amazon’s passion for helping developers create amazing gaming experiences, so it’s a natural fit. Being part of Amazon means GameSparks will continue to grow the service, as well as explore new ways to unlock the power of Amazon to help build, operate, and monetize our products.
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
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