Golden Matrix Group, Inc., (PINK:GMGI) Has Now Gained
As Much As 1,127.21% For Our Platinum Members, As The
Company Seeks A Listing On NASDAQ!
Golden Matrix Group, Inc., (PINK:GMGI) has now gained as much as 1,127.21% for our Platinum Members as of yesterday's new high of $5.90. At the close at $5.75 GMGI continues to hold a 1,096.01% gain from the initial release price of $.0024.
That should seem as a low percentage gain relative to price but as explained in this detailed GMGI report posted last week, the reason for that is that the company recently 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 1,127.21%. As a result of GMGI's big move, it is now officially no longer a penny stock, being that the definition of a penny stock, is any stock priced at $5 or under.
One of the most exciting aspects of the huge move that GMGI has seen thus far, is that the company has stated that it's quarter ended on June 30th 2020, was the first quarter seen with revenue above $1 million. The full quarterly report was not yet released, which means that when it is released, it could act as a major catalyst for further price per share growth. 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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