Golden Matrix Group Inc (GMGI)

[PokerStar]

Hey Trust.....GMGI is currently supplying over 645 casino and online casino sites their gambling software. They just started their own online casino in Mexico about 6 months ago and are in the very late stages of acquiring MeridianBet.....one of the largest and profitable casinos in the Asian region. Once complete they plan on expanding their reach to South America and hopefully the North American market in time. GMGI has been profitable for over 3 years and the acquisition coming onboard has a great track record over the years of even better profitability. This stock has been lightly traded in the last year but expecting once the acquisition is complete, we see better daily volume. MeridianBet, when deal is complete has agreed to take a large block of restricted stock valued @ $3.00 per share, as part of the 100 million dollar acquisition. The rest of the funds will be debt and the CEO's last 8k stated that they had the funders lined up and ready. They expect the acquisition to close late in the 3rd quarter or early in the 4th quarter. This price we see today is bargain basement, in my opinion. It did dip to the $1.89 range, but that didn't last for more than a day before buyers scooped up piles of stock and the price responded to the high $2.80 range. I'm expecting good things from the company and hopefully the stock price will respond positively and grow with the company. Best of luck with your decision. I'm not suggesting to buy or stay away....that is your call after you do your due diligence!



PokerStar