Home > Boards > US OTC > Gaming and Casinos > Golden Matrix Group Inc. (GMGI)

Take your pick. GMBL is on Nasdaq. GMGI

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Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 8/4/2020 4:30:36 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 7/30/2020 7:36:29 AM
Annual Transition Report (10-kt/a) Edgar (US Regulatory) - 7/15/2020 6:22:11 AM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 7/13/2020 6:01:43 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/26/2020 6:04:59 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 6/12/2020 9:17:26 AM
Annual Transition Report (10-kt) Edgar (US Regulatory) - 6/8/2020 9:17:23 AM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 6/2/2020 10:46:06 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/18/2020 6:06:55 AM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 5/5/2020 6:38:50 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/28/2020 6:22:43 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/28/2020 6:15:16 AM
Golden Matrix Reports Net Income of $438,802 on Revenues of $876,754 for Second Fiscal Quarter of 2020 InvestorsHub NewsWire - 3/3/2020 9:31:42 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 3/3/2020 9:17:24 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 1/23/2020 6:08:34 AM
Golden Matrix Reports Net Income of $545,888 on Record Revenues of $881,845 for the First Fiscal Quarter of 2020 InvestorsHub NewsWire - 12/5/2019 9:31:46 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 12/5/2019 9:17:36 AM
Golden Matrix Reports Net Income of $1.77 Million on $2.88 Million in Revenues for Fiscal 2019 InvestorsHub NewsWire - 10/23/2019 9:42:48 AM
Annual Report (10-k) Edgar (US Regulatory) - 10/23/2019 9:17:45 AM
Securities Registration: Employee Benefit Plan (s-8) Edgar (US Regulatory) - 10/15/2019 9:26:09 AM
Golden Matrix on Track to Record Seventh Straight Quarter of Rising Revenues InvestorsHub NewsWire - 10/11/2019 9:35:18 AM
Golden Matrix to Provide Company's GM-X System to One of Asia's Largest B2B Gaming Distributors InvestorsHub NewsWire - 9/4/2019 9:29:19 AM
Golden Matrix Reports Q4 Revenue Contribution Exceeding $285,000 From One of Its Major Distributors InvestorsHub NewsWire - 8/21/2019 10:02:28 AM
LittleBambi Member Level  Saturday, 08/01/20 05:37:47 PM
Re: None
Post # of 46634 
Take your pick. GMBL is on Nasdaq. GMGI is going to Nasdaq..which one would you choose.

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.


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