Replies to post #34553 on Golden Matrix Group Inc (GMGI)

[roger wilco]

Brian Goodman discussed uplisting to the NASDAQ in the most recent conference call.

As we all know it will require the share price to be $3....

How can $GMGI achieve a $3 minimum price requirement requirement?

Well the answer is simple a massive reverse split wiping out the existing investor base.

Based on today's share price to achieve a $3 share price would require a REVERSE SPLIT in excess of 650 to one!

Let's do the math: $.0045 x 650 =$2.92

Now, on to the NASDAQ! This seems like a large mountain but with the information provided in the conference call, it seems Brian has plans to use a helicopter to climb it. HAHA.

learn more about this analysis

Let's review NASDAQ minimum listing requirements!:

Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000

Learn more here about uplisting to the NASDAQ



Roger is right again! Thanks roger for writing about it!