GD Entertainment and Technology Inc (GDET)

[Daddy Rick]

GD Entertainment & Technology Inc. (OTCMKTS:GDET) Should be on the Radar Following Crypto ATM Deal
By James Hudson - November 13, 2019

After a steep slide in early October, shares of GD Entertainment & Technology Inc. (OTCMKTS:GDET) have been back on the rebound in recent weeks and the company has been ramping up new catalysts and new lines of business to fuel the action. The latest move by GDET is its establishment of an agreement, announced this morning, to install and operate its first full-service cryptocurrency ATM. According to the release, the location is a large retail marketplace with high-volume foot traffic in Austin, TX where the company will provide the physical ATM as well as all related logistics involved in operating the ATM at the location.

“We truly love this line of business as a high-probability, high-ROI bet, and the installation of our first full-service crypto ATM is a huge step toward actualizing this extraordinary opportunity,” commented Anil Idnani, CEO of GDET. “While we cannot fully disclose the identity of the counterparty at this time, we can state that this is an ideal location in terms of foot traffic and cultural context. We have engaged a prominent, local retail solutions provider and a finalized agreement is expected within the coming days.”

GD Entertainment & Technology Inc. (OTCMKTS:GDET) trumpets itself as is a company that focuses on high growth industries to fulfill a diverse selection of premium products nationwide. The company operates in two basic segments: cryptocurrency mining/services and CBD-based products. Both segments are currently doing real business and will likely contribute to significant revenue growth over the next 3-month and 12-month periods.

The main factor in valuing the company right now, overall, is its crypto mining farm, which is running fully-owned top-tier miners, with all-in costs at $0.065/kwh.

https://oracledispatch.com/2019/11/13/gd-entertainment-technology-inc-otcmktsgdet-should-be-on-the-radar-following-crypto-atm-deal/