Saturday, August 01, 2020 5:37:47 PM
GMBL VS GMGI
Price:
GMBL: $5.85
GMGI: $3.48
OS:
GMBL: 10.97M
GMGI: 10.59M
Profit/Loss:
GMBL -$12.216M (9 Months ended March 31 2020)
GMBL -$6.307M (3 Months ended March 31 2020)
GMGI +$520K (Profit for the Quarter Excluding Derivative Expense - from Q1)
Cash on Hand
GMBL: $9,439 (nine thousand dollars)
GMGI: $1.9 Millions
Market Cap:
GMBL: $64.2M
GMGI: $66.2M
From GMBL 10K For the fiscal year ended June 30, 2019
We have a history of accumulated deficits, recurring losses and negative cash flows from operating activities. We may be unable to achieve or sustain profitability or continue as a going concern.
To date, we have not yet recorded revenues from the sale of our products. If we are unable to generate revenues, we will not be able to achieve and maintain profitability. Beyond this, we may incur significant losses in the future for a number of reasons including other risks described in this document, and we may encounter unforeseen expenses, difficulties, complications, delays and other unknown events. Accordingly, we may not ever be able to achieve profitability. We incurred negative cash flows from operating activities and recurring net losses in fiscal years 2018 and 2017. We had no working capital at the end of each of those years. As of June 30, 2019 and 2018, our accumulated deficit was $10,184,187 and $3,802,822, respectively.
These factors, among others, raise substantial doubt about our ability to continue as a going concern. The financial statements included in this prospectus do not include any adjustments that might result from the outcome of this uncertainty. In order for us to remove substantial doubt about our ability to continue as a going concern, we must achieve profitability, generate positive cash flows from operating activities and obtain necessary debt or equity funding. If we are unable to increase revenues or obtain additional financing, we will be unable to continue the development of our products and services and we may have to cease operations. In that event you could lose your entire investment.
Recent GMGI News
- Golden Matrix Group Subsidiary Expanse Studios Enters New Market Segment With Launch of First Social Casino Game • GlobeNewswire Inc. • 09/18/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 08:19:57 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/12/2024 08:19:02 PM
- Golden Matrix Group Reports Record-Breaking August Performance by Subsidiary Meridianbet • GlobeNewswire Inc. • 09/12/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 01:33:58 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/11/2024 10:14:27 AM
- Golden Matrix Group Inc. Announces Debt Conversion by Meridianbet Founder to Equity • GlobeNewswire Inc. • 09/10/2024 12:00:00 PM
- Golden Matrix Group Introduces Version 2.0 of Its AI-Powered Casino Game Recommender • GlobeNewswire Inc. • 09/04/2024 12:00:00 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 08/29/2024 08:15:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/29/2024 12:39:59 AM
- Golden Matrix Group Provides Update on Entering U.S. Market and Expansion Into Additional European Markets • GlobeNewswire Inc. • 08/28/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 12:00:13 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 08/26/2024 09:09:17 PM
- Golden Matrix Group Subsidiary Meridianbet Shortlisted for Exclusive Sports Betting and iGaming License in Brazil • GlobeNewswire Inc. • 08/26/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 01:00:39 PM
- Golden Matrix Announces Participation in Benzinga All-Access Interview • GlobeNewswire Inc. • 08/20/2024 01:00:00 PM
- Golden Matrix Enters Into Definitive Agreement to Acquire a Controlling Interest in Australian-Based Classics for a Cause • GlobeNewswire Inc. • 08/20/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 12:30:31 PM
- Golden Matrix Group Announces Strong Second Quarter Financial Results • GlobeNewswire Inc. • 08/13/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 11:00:53 AM
- Golden Matrix Group to Announce Second Quarter Financial Results on August 13th • GlobeNewswire Inc. • 08/08/2024 12:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM