Golden Matrix Group, Inc., (PINK:GMGI) Has Now
Gained 595.83% For Our Platinum Members, As Of
Yesterday's New 52 Week High, At $.0167.
Golden Matrix Group, Inc., (PINK:GMGI) has officially gained as much as 595.83% for our Platinum Members since it's initial release at $.0024, as of the new 52 week high of $.0167 achieved just yesterday. In just the past three and a half weeks, GMGI has gained 101% from a close at $.0083 on May 12th 2020 to the high of $.0167 seen yesterday. The Growth Of GMGI has allowed our Platinum Members to see a combined gain of 1,567% on five select picks in just the past four and a half months!
This Is How Our Journey Has Played Out With GMGI Thus Far, As We Have Continued To Release A Steady Flow Of Other Powerful Picks:
GMGI was originally released as a secret pick to our Platinum Members last year at $.0024 and within a few months ran up to a new 52 week high at $.0073 for a gain of 204.16%. After that, we moved on to numerous other picks that went on to see incredible gains but the entire time we kept GMGI active on the list and mentioned that in the mid-to long term, it would see further record action. We went back to providing significant reporting on GMGI this year and saw it hit another 52 week high price of $.0167 yesterday on June 2nd 2020. After we had already seen some impressive action on GMGI and it showed Platinum Members strong gains, we released it to our free members and the general public, which is why we are able to report on it openly today. The following information on GMGI is in-depth information that we have already provided to our members over the course of the past few months, that can be very helpful to investors.
Golden Matrix Group, Inc is “an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company's platform can be accessed through both desktop and mobile applications.”
GMGI Has Filed 8 Straight Quarters Of Record Quarterly Revenue And Net Profit. The Next Report Is Coming Soon, And Is Expected To Show Record Breaking Growth By A Sweeping Margin Far Beyond Anything The Company Has Seen Before:
The company last year released a 10-Q showing that all of their long-term promissory note debts had been eliminated. The company has released eight straight quarters of record revenue and net profit as it has grown rapidly. The company is one of the most well positioned companies on the OTC Market, due to its counting about 51% of its revenue as net profit and as a result, has managed to amass about $2 million cash on hand as of the most recent reporting.
GMGI is in a rare position due to the fact that it has actually benefited from the coronavirus pandemic due to it's gaming operators are all located in Asia, which is the region that was hit the hardest by the pandemic. People in China were restricted to their homes for the majority of GMGI's fiscal quarter beginning on February 1st 2020 to the end of that fiscal quarter on April 30th 2020. This meant an inability for gamblers to visit casino's, therefore, people in general had little else to do but engage with online gaming content. This likely proved a massive boon to the online gaming industry in general and especially GMGI's revenue and net profit growth. We expect the upcoming release of GMGI's first fiscal quarter report for 2020 to be record breaking by a margin far beyond anything the company has seen before.
The Risk In Trading GMGI Recently Increased Significantly, Due To A Plan To Enact A 1 For 150 Reverse Split:
Up until recently, GMGI had been viewed as an absolute golden pick, with little risk vs. incredible reward potential but then the company announced a plan for a 1 for 150 reverse split that scared investors and brought a renewed decline. The reverse split plan was an absolute wild card that only insiders could have fully expected, that completely flipped the level of risk involved in GMGI. If GMGI continues to act in the interest of investors after the reverse split, the potential for further growth is immense but if they do not, the potential for decline is equally significant. The company ended it's first fiscal quarter on 4/30/20 and is expected by many traders, to release a quarterly report reflecting record revenue far surpassing anything that the company has previously seen, which without a reverse split would likely spark a major run but the looming reverse split makes this a wild card that could go either way.
GMGI Risk Has Increased But The Reported Growth Of The Business Remains Unchanged. The Potential For Further Growth Can Still Be Massive From Here If Management Acts Appropriately If/When The Reverse Split Is Completed:
With as many shares as GMGI has out on the market, it stands to reason that if the company ever hoped to up-list to an elevated highly reputable exchange such as the NASDAQ or the NYSE, it would some day in the future, have to perform a reverse split but quite frankly, no one expected a reverse split to occur at this stage of the game, that didn't have an inside information track. It is from here that the increased risk turns GMGI into a bit of a 50/50 style pass or fail split of risk vs. reward because there are only two particularly likely scenarios that we envision from here:
1. The company acts appropriately and does not sell shares into oblivion. The company ideally continues to grow and act in a manner that is positively aims toward growth for shareholders.
2. The company does not act appropriately and does sell shares into oblivion. Whether the company grows or not it does not act in a manner that positively aims toward growth for shareholders.
The two above scenarios cover the general spectrum from one extreme to the other of what could occur for GMGI and everything in between. It is here where traders and investors alike, have to decide on an individual basis, what your appetite for risk is because regardless of what the plan is management will paint a rosy picture, as they always do.
The Positive History Of GMGI Management That May Indicate That The Company May Have The Best Interest Of Shareholders In Mind:
The good thing about GMGI management in all of this, is that they have thus far sought to primarily act in a manner that is good for investors. Prior dilution as explained by management has been primarily in effort to pay off long-term toxic promissory convertible note debt and the company has paid off that debt entirely, so there are no longer any notes. The company has more than $2 million dollars in cash, and about 51% of the steadily growing revenue is kept as net profit each quarter, which is an incredibly bullish percentage to hold on to. The company is in a clear growth phase: GMGI management has indicated that it will leverage cash reserves and stock to complete mergers and acquisitions and is actively looking to acquire a fantasy sports betting company, as well as being in the midst of merger discussions with a large, licensed lottery operator.
GMGI is quickly growing current revenue streams, is seeking to build out new arms of revenue, and also has been signing on new gaming operators at a rapid rate. The signing of new operators in itself has created a significant boost to revenue, as indicated by management and there are more operators expected to come on board.
Finally, we should mention that the new GMGI board member and director recently announced, is Mr. Thomas E. McChesney. As mentioned in the press release, Mr. Chesney “currently serves as lead independent director of VidBid, Inc., an early stage technology-driven company.” “From 1995 through March 2016, he served as a Director of TrueBlue Inc., a $2.3B revenue NYSE-listed enterprise (TBI), and is the former Chair of its Compensation Committee and former member of its Audit Committee.” The accolades of Mr. Chesney's past and present, go to show why interest in the company surged mid-day and saw a significant move up in price after the announcement.
With planned mergers and acquisitions, rapidly signing on new operators, current operators seeing increased revenue, and rapidly increasing cash on hand and overall assets, GMGI as reported, is currently one of the fastest growing and financially stable companies on the OTC, meaning that if the reverse is enacted with positive shareholder interests in mind, eventually leading to an up-list to NASDAQ as the company claims to aim for, the continued share price growth potential can be absolutely explosive, even from here. But only time will tell how management truly decides to play this, as we watch the story unfold.
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