Golden Matrix Group Inc (GMGI)

[KingsKnight]

Interesting Nuggets Jericho..

What you mentioned would sort of allow this little detail to be quite interesting:

"Mr. Smith served from 2010-2014 as the Chief Financial Officer of Paulson Capital Corp., a NASDAQ company, where he co-led a reverse merger transaction of the parent company while navigating the regulatory hurdles of the SEC, NASDAQ & FINRA in simultaneously spinning out the Broker-Dealer subsidiary to a new ownership group and creating a $10 Million liquidating trust."

[https://finance.yahoo.com/news/golden-matrix-announces-appointment-murray-132500476.html]


Would be something if indeed it's being used as a vehicle for another company [it was mentioned much larger sized] to utilize it as a shell to go public. Fun thoughts..if you outlay 10-15x revs onto GMGI revs, this could be interesting...guess we'll have to see.

" on January 22, 2020 GMGI’s Goodman said in a conference call that it was in preliminary talks with a large lottery business 10 to 15X the size of Golden Matrix. Its CEO also noted that it would up list to an Exchange should a merger be completed"

"Its CEO also noted that it would up list to an Exchange should a merger be completed."

To me, this line above is speaking to my soul. It explains so much about the self-brokered capital raise, the relatively paltry size of it, and the limited number of participants (10), whom are probably insiders.
To me, this says GMGI has already sold the company. For GMGI to fulfill its end of the bargain, GMGI has to deliver a NASDAQ traded company with a pristine cap structure along with the keys to its apparently kick ass GMX platform / software.
The only question left is who is the buyer? And how many potential new clients can they bring on Day 1.