Golden Matrix Group Inc (GMGI)

[Jackle]

A rather theatrical piece of work with many loopholes and assumptions. From using the wrong Red Label Technologies website (Ltd vs PTE), tarring broker dealers as SEC toxic despite only referencing decade old issues, or issues with the company but not the individuals themselves (like saying AMAZON is SEC toxic because an employee did something in 2013), its hard to find a broker dealer that doesn’t have SOME kind of SEC case attachment. But a trick often used in attention grabbing pieces like this. Another obfuscation, the stock options to Qiu and Yan, were valued at $75k each when issued (and the deal bought in $ 574k revenue), however the author chooses to sensationalize the price they sold the options AFTER the stock rallied (presumably because of the good revenue), another ploy to make it all look worse, when in fact it was good business. The concentration of revenues he panics about, well in 2019-2020 the GMGI company was just starting, it is natural its early client base was small and concentrated. As for the rest, so many assumptions, guesses, pictures from ELRAY’s 2013 game portfolio remember it was still trying to clean out the shell co at this point), dramatic ‘revelations followed by “whilst there is not necessarily anything sinister in this transaction” comments. The fear of limited staff vs consultants (which is a fantastic way for a company like this to manage overheads/scale where needed. I can’t be bothered to go on.


I don’t think the convoluted history is ideal but this article is just an attempt to throw ancient mud and see if anything sticks by a disgruntled short and his army of bots. The present GMGI is a far cleaner, revenue machine breaking out into a rapidly growing industry.

Watch out for the huge spike up that always follows ….