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Re: dpride20 post# 42418

Monday, 06/08/2020 8:33:14 PM

Monday, June 08, 2020 8:33:14 PM

Post# of 53626
Articulate provides the tech support and salespeople for the gaming customers (casinos/junket operators). Luxor initially funded GMGI for the GM-X platform (the social media gaming platform).
There was initial dilution to pay off the convertible debt that the old shell had (Source Gold), but there is no toxic debt now. Since Luxor is the largest shareholder of GMGI, it would not be in Goodman's best interests to dilute/ruin the value of GMGI. Insiders also own around 50% of the o/s, they are in the same boat as shareholders & want the company to succeed, imo.
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  • 5Y
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