Golden Matrix Group Inc (GMGI)

[PokerStar]

Even after that mini selloff the last couple of days, the 2 sellers with 3k blocks are still sitting @ $6.50. I would have thought they were part of the selling pressure on low volume that dropped the price over .50 cents. I understand the selloff is happening market wide and obviously within our sector. These big declines in some of our competitors were well deserved as a company like EBET reported millions in quarterly losses and were trading as high as $33 or so at the end of 2021. They've received an over 55% haircut in price in January and although we've gone lower in price as well, once this selling dries up, hopefully smart traders will drop some of their money from elsewhere into GMGI where profits not only have continued for 13 straight quarters but now have the capabilities since their acquisition of RKINGS to grow profits exponentially. These ridiculous spreads of .35 cents make no sense. If one is willing to slap the ask with a large spread like that when there is little volume, they should follow up their buy with some bid support close to their buy. Buy half at the ask price and half a few cents cheaper than your buy on the bid. We all want to see our investment increase in value and it's not going anywhere with the trading pattern here.



PokerStar