Golden Matrix Group, Inc., (PINK:GMGI) Has Now Gained
As Much As 1,470.42% For Our Platinum Members!
Golden Matrix Group, Inc., (PINK:GMGI) has now gained as much as 1,470.42% for our Platinum Members as of today's new high of $7.55. At the close at $6.95 GMGI continues to hold a 1,345.62% gain from the initial release price of $.0025.
That may appear to be a low percentage gain relative to the price difference but as explained in our recent GMGI news report, this is due to the fact that the company performed a 1 for 150 reverse split. The original release price of GMGI to our Platinum Members at $.0024, when adjusted for the reverse split comes out to about $.4807634 which amounts to a total percentage gain of about 1,470.42%. As a result of this rapid growth, GMGI is now no longer classified as a penny stock. Penny stocks are defined as any stock trading at or below $5, therefore, the fact that GMGI has ascended beyond that cut-off marks a major turning point for the company.
Much Of The Recent Action On GMGI Has Been Due To A New Addition To The Board Of Directors And Record Quarterly Revenue Above $1 Million:
Yesterday saw heavily renewed trading action on GMGI, that continued on into today. That renewed trading action came as a result of GMGI making a surprise news announcement yesterday stating that the company has appointed gaming industry veteran Aaron Richard Johnston to the board of directors. The release explained that Mr. Johnston has held senior executive-level positions for the past 20 years, with major online gambling companies. He currently serves as Director of sports betting operator Asian BGE (Isle of Man) Limited which operates under licenses held in the United Kingdom and Ireland. He also currently serves as an adviser to multiple sports betting and gambling businesses within the online gambling industry.
The release went on to explain a wealth of other examples of Mr. Johnston's prior experience within the industry and explains that his standing as one of the industry's top online specialists will aid GMGI in its expansion efforts, including the effort to have the company prepared for its planned upcoming listing onto Nasdaq. A listing on Nasdaq would bring major credibility to Golden Matrix Group, Inc., and allow for institutional investors to begin taking up positions in the company that otherwise are unable to while the company is still trading on the OTC market.
Another exciting aspect of the growth of GMGI to be aware of, is the fact that the company stated that it's quarter ended on June 30th 2020, was the first quarter with revenue above $1 million. The full quarterly report was not yet released and may prove to be another catalyst for growth once it is filed and that filing could come any day now. Also notable, is the fact that this company has previously mentioned that it intends to up-list to NASDAQ. Such a move would allow for more institutional investors to step in and would prove to be a major milestone for a company that we began alerting as a $.0024 priced penny stock trading on the OTC Market, that moved all the way up to one of the most respected trading platforms in the world.
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