Golden Matrix Group Inc (GMGI)

[PokerStar]

GMBL recently did a 1-100 reverse split, lowering the outstanding shares count to 3.15 million shares, yet still trades a healthy 50-100K shares daily. A lot of people said that GMGI's outstanding share count was too small to warrant higher daily trading levels than the usual measly 10-20K. So much for that argument as GMGI has around 36 million outstanding shares and about 14 million unrestricted shares in the float. Nobody wants this stock anymore because there is no volume and the only volume comes from disgruntled holders who are getting more than fed up and selling off. This ticker is no longer a gambling stock, it's become a laughing stock of Nasdaq!


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