Replies to post #41058 on Golden Matrix Group Inc (GMGI)

[nbketz4]

The reason the vast majority of penny stocks go back down after a RS is because they have toxic debt they need to pay (more shares are issued to pay down the debt, but some have so much debt, they never pay it off-it's a vicious cycle). In the case of GMGI, there is no toxic debt, no reason for the price to go back down. They are doing the split to qualify for a higher exchange (NASDAQ).

[BRITT2575]

I’m buying now. GMGI is different than 99% of companies that RS.

They are doing it to be uplisted as we will hear in conference call on Monday.

GMGI HOLD4GOLD

[nbketz4]

I will say this-if you buy more, you gotta be patient with this stock. I have been invested in GMGI for over 2 years, I plan on being invested for another 2 years.