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Golden Matrix Group, Inc. (GMGI)

Other OTC - Other OTC Delayed Price. Currency in USD
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7.58+0.11 (+1.47%)
At close: 3:57PM EST
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  • J
    John
    GMGI will be uplisted soon! EF Hutton has shares now! Good things to happen! Look for $20 a share by December 1st.
    Bullish
  • B
    BullishBear
    Still a lot of upside on this one. Pending nasdaq approval and potential acquisitions around the corner.
    Bullish
  • j
    joe
    $GMGI Q2 Financials just hit on Friday.

    $9.33M TTM REVENUES
    $692K Net Income TTM (Profit)

    Big increases and 211% YOY growth on Revenues!
  • R
    Rilind
    That’s it I’m out this is low life management, I can’t believe it 3.5
  • j
    joe
    Golden Matrix Year 2020 Company Growth

    150 Operators (Casinos) Jan 1, 2020
    430 Operators (Casinos) Presently
    ~186.6% Increase ~

    1,500,000 Million (Players) Jan 1 2020
    3,300,000+Million (Players) Presently
    ~120% Increase~

    ~Company began earning revenue from new “vertical gaming markets” end of June.

    Core business model 50%+ Profit Margins
    New Vertical Markets 18%+ Profit Margins

    Pretty impressive numbers if you ask me.

    🌟New Revenue Streams COMING SOON:

    ~Increase revenue growth by expanding global distribution and launch of new operators.

    ~Launch our new AI-XPLUS SYSTEM (Artificial Intelligence Market & Loyalty System).

    ~ Launch our new P2P and Esports betting systems.

    ~ Launch a portfolio of SLOT GAMES posted on our own RGS (Remote Gaming Server).

    **NASDAQ Uplist soon. Company applied August 27 2020.
    (Approval time 4-6 Weeks)

    The possible biggest thing coming for us:

    ~Pursue strategic acquisitions that are ATTRACTIVE to EARNINGS.

    **Generally once NASDAQ begins the approval of application it takes 4-6 weeks but this clock begins once they are caught up with all applicants infront of them. We heard from Golden Matrix that there are others ahead of us.
    Bullish
  • B
    BROWNIE
    Golden Matrix Group pioneers highly modular, configurable and scalable gaming platforms for its international customers in an effort to promote user acquisition, engagement, retention and monetization. The provided white label social gaming platform is unparalleled in both mobile and desktop website deployment, proving compatible throughout all major operating systems and web browsers.
    Bullish
  • j
    joe
    What makes GMGI a good investment for me?

    They are PROFITABLE and growing very quickly in a very lucrative and high demand sector. These are two rare things for their sector as most are losing money hand over fist and money growth lags.

    As of Friday 9-04-2020 GMGI was on Day 27 of 30 for being NASDAQ price qualified and should be fully qualified by next Thursday 9-10-2020. Golden Matrix has released news to the public that they have filed all of necessary paperwork to uplist into the NASDAQ last week. The process to uplist generally takes 4-6 weeks, but can be quicker I’ve read. I predict the uplist to be very soon within the next month and a half here.

    GMGI this year has already increased their Registered users up to 3.3M total users from 1.5M in the beginning of Jan 2020. That’s a 120% increase in less than 8 months time. What are registered users? Well those are the players that play casino games on ran off of GMGI GM-X PLATFORM “White Labeled” SOFTWARE. The number of users is expected to increase more as they set more Operators up in the next upcoming months.

    They also have 369 Operators (Casinos) with the mention of bringing live 20 more between the end of last and this month (September)Thats over a 5.4% increase in Operators that could add to the already $425,000+ in revs per month up to $21,000+ additional monthly revs.

    Total Revenues for GMGI may be pushing $450,000 Monthly X 12 Months brings us up to $5.4M in Revenues for the year NOT including what was mentioned in a fairly recent GMGI press release...

    “Going forward, we expect the company’s market share in the APAC region to continue to grow; and the company is now positioned to expand operations globally and enter new gaming-related markets, which will significantly increase revenues and profitability later in 2020 and beyond.”

    Link to resource:
    https://finance.yahoo.com/news/golden-matrix-achieves-first-million-132000986.html

    I think we can all agree it seems Golden Matrix is working hard on making all the right moves here and are growing exponentially larger as time goes on. Think about it, last year 1.5M registered users to now 8 months later 3.3M+ registered users. This is a HUGE increase. Also the additional board members they added to the team are very knowledgeable with loads of finance and experience in the online casino/gaming field. But I will get into this another time.

    We still have a big question mark ? here.

    Where does the expansion of globally operations, and entering new gaming markets that “WILL” bring significantly higher increase in revenues and profitability for the rest of 2020 and beyond come into play?

    U.S. Markets , UK Markets, Canada?

    Nobody has this answer quite yet! Hopefully we will get some clues on the “significantly increased revenues and profits” soon.

    Overall, in my eyes I see Golden Matrix doing a great job with growing and bringing in higher revenues year over year and making very good decisions with everything they have done including communicating with the public shareholders. I’m really excited looking forward to seeing the updated quarterly numbers by next Tuesday or Wednesday and seeing where GMGI ends up at the end of 2020.

    Well I’ve blabbed here long enough, I hope you guys agree with my thoughts on Golden Matrix’s Overall performance this year.

    Have a great long weekend all.

    Cheers!
  • B
    BROWNIE
    “With Playtech as our Peer2P distribution partner, GMGI’s exciting content will now be introduced to new gaming audiences, thus extending the company’s reach into new territories - including the fast growing U.S. market where we expect to establish a significant presence.”

    -CEO GOLDEN MATRIX BRIAN GOODMAN.
  • g
    greg
    OK I made a writeup up today as many people are asking “where can GMGI share price go?”

    I do realize there’s a lot of new investors here, so I will explain how it works. First off you can’t go by share price when trying to compare other companies in the same sector, you MUST compare Market Cap Value. The reason is because each company has a different amount of shares and different share structure. An example, a company could be $1,000 per a share but only have 1000 total shares between the company which values the market cap only at $1,000,000 vs another company could be $5.00 per a share but have 300,000,000 shares instead of 1,000 shares. Which company is worth more? The company that’s $5.00 a share or $1000 a share? Well let’s take a look $1,000 x 1000 share= $1M Cap , while $5.00 X 300,000,000 share = $1.5Billion Market Cap! You see how that works? So the company with five dollar shares it’s worth much much more than the company with $1000 per share.

    Just because a company has a lower share price or higher shareprice means absolutely nothing. You need to look at the market cap GMGI Market Cap is only $136M which shows we are a baby and have tons of room for potential future growth. I’m going to put down some other market caps (USD) in the similar field/sector below, yes some of these are operators front end and I’ll include some backend software companies like golden Matrix. Just to give you an idea of other companies and what their current market value is.

    GMGI $136M Market Cap
    GAN $458M Market Cap
    DMYT $485M Market Cap
    TSCRF $490M Market Cap
    888.L $1.3B Market Cap
    LCA $1.48B Market Cap
    PTEC.L $1.6B Market Cap
    PBTHF $1.7B Market Cap
    IGT $2.57B Market Cap
    SGMS $3.56B Market Cap
    WMH.L $3.77B Market Cap
    GVC.L $8B Market Cap
    PENN $11B Market Cap
    DKNG $19.3B Market Cap
    SE $90.6B Market Cap
    FLTR.L $31B Market Cap

    To figure out what GMGI share price would be with the equivalent market cap of the others listed above all you have to do is divide the other company’s market cap by our market cap, and whatever that number equals multiply it by our share price of $7.15 to see where our share price would be.

    It looks like we have big shoes to fill in market cap wise in the next upcoming years. These market caps show you we are just a baby and with the right moves by the CEO of Golden Matrix we can grow so so much higher in share price/Market cap value. Most of these companies or at least 10 times the size of us. Many of these are front end retail B2C (Business to Consumer) operators as well and B2B (Business to Business) like GMGI.

    I hope this helps you get a better understanding of why we look at market caps when comparing vs share price. Share Prices are misleading...

    Sorry and lastly “How do you figure out a company market cap?”

    Total Outstanding Shares X The current share price.

    The higher the share price goes the higher the market cap becomes. It’s really that simple.
  • j
    joe
    WATCHLIST GMGI @ BARE MINIMUM $GMGI (GOLDEN MATRIX GROUP) 💎💎💎💎💎💎
    🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
    I DON’T WANT MISS OUT ON THIS ONE!!!!
    FOR MYSELF ITS A SOLID BUY & HOLD
    ✔️CHARTS DON’T LIE, READ BELOW:

    This is one of the most amazing technical charts I have ever seen. Share price Up 390% YTD for good reasons and should continue to rise into end of this year and beyond...THE REASON ITS SO BEAUTIFUL IS BECAUSE OF THE COMPANY FUNDAMENTALS. READ BELOW FOR A GREAT INVESTMENT OPP!

    Golden Matrix is a very profitable online casino software developer & Licenser in the APAC REGION that is growing ridiculously fast and heading for the United States Gambling market with their one of a kind Peer 2 Peer Esports betting app very soon... due ANYDAY.

    This Company does the same thing as GAN that trades at $20+ a share and similar to DKNG , PENN, CZR & LCA

    Reasons I’m Buying GMGI:

    -Major Growth in 2020 -Golden Matrix has increased their Registered Casino users using their platform from roughly 1.5 Million Users in January to now 6 Months later 3.1 Million ++Overall Growth should be incredible into the rest of 2020 through 2021.

    -358+ Operators (online casinos) running on GMGI Software platform GM-X

    -Seven consecutive quarters of profitability

    -Financially profitable and just finished their largest revenue and profit wise Quarter (Friday) that should come close or exceed $1,000,000 in Revs.

    -Trading only @ $3.48 a share currently, but expecting this to move towards $10+ by end of year.

    -Ceo is working on Synergistic Acquisitions that would benefit GMGI and the other company making his company more powerful.

    -Waiting on a one of a kind ESPORTS PEER 2 PEER BETTING APP (you vs I) to be released that will go out to the 3.1M+ Current registered users plus make an entrance into the U.S. by Merger/Acquisitions

    -Uplisting to the NASDAQ OR NYSE before EOY

    -Company has saved and banked roughly $2,000,000 that can be used to acquire more valuable assets to expand the company.

    Lastly this company has become so popular that their is now a GMGI SHAREHOLDER GROUP on Facebook with thousands of members that anyone is welcome to join and learn more and discuss this investment. Link is below:

    https://www.facebook.com/groups/369119810642392/?ref=share
    GMGI IS A COMPANY THAT HAS LICENSED SOFTWARE AND PLATFORMS THAT CAN CONVERT LAND BASED CASINOS TO ONLINE FOR CUSTOMERS TO PLAY AT HOME ON THEIR COMPUTERS AND SMART PHONES. THEY CURRENTLY HAVE 358...
    GMGI IS A COMPANY THAT HAS LICENSED SOFTWARE AND PLATFORMS THAT CAN CONVERT LAND BASED CASINOS TO ONLINE FOR CUSTOMERS TO PLAY AT HOME ON THEIR COMPUTERS AND SMART PHONES. THEY CURRENTLY HAVE 358...
    www.facebook.com
    Bullish
  • S
    Spicoli
    NASDAQ Listing Requirements
    The NASDAQ is the second-largest stock exchange by market cap in the world. As an American exchange, it has listed over 3,100 companies with average daily share trading volume at over two billion. NASDAQ has handled more IPOs than any other exchange. Since 2000, NASDAQ boasts over 1,000 Initial Public Offerings. What follows is a brief description of what NASDAQ is and what it takes to be listed on that exchange.

    What does NASDAQ stand for? It’s an acronym for National Association of Securities Dealers Automated Quotations.

    What are the rules to be listed on NASDAQ? To be listed on the NASDAQ exchange and reporting system, the following 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


    I’ve heard a number of pushers for reverse mergers tout the ability of a company now listed on the Over the Counter (OTC) exchanges can “graduate” to NASDAQ or the NYSE. This is certainly possible and many salespeople will reference some big names like Turner Broadcasting, Occidental Petroleum or Berkshire Hathaway. Each of these companies are the wide exception to the rule. Unfortunately, transitioning to larger exchanges is much more difficult than many micro-cap business owners and management assume. However, it’s not out of reach as the numbers above showcase. Your best bet for being able to step up to the next exchange: build a good business that is investable. That is, focus on the business and not the financial engineering behind the business. If you have a great business, the money will flow in, the stock price will increase and the transition will be more than natural. The most common problem are the puffer fishes. They’re those that tout how great their business is, but who may have unrealistic expectations on their abilities and the growth within the market.

    For those confident in their business and its growth trajectory, going public and then later graduating can be a viable option to a traditional IPO, but warrants a deeper dive as there are reasons an IPO may actually play better for emerging growth companies. As always, the best answer is “it depends.”
    Bullish
  • j
    joe
    GMGI filed for the NASDAQ on Aug 27th 2020
    Nasdaq Application Timeline

    It generally takes 4-6 weeks to process a listing application. This time frame is variable and may be shortened considerably, if the application raises no issues and the company responds to staff comments.

    Week 1. Company submits application for listing and NASDAQ listing Qualifications staff begins its review.

    Week 2-3. Staff completes its preliminary review and prepares comment letter.

    Week 3-4. Company addresses any issues raised by staff.

    Week 5-6. Staff completes their review and company is approved for listing.
  • j
    joe
    Today GMGI closed down at $6.68 share price (-2.84%) while trading on low volume as I expected due to holiday week, roughly 29,000 shares traded as we channeled around the $6.60-$6.85 range. There was a couple of large blocks around 12,000 shares total @ $6.75 range for sale that never got purchased. These blocks are a great way for a larger investor to purchase large amounts without the price going up too quickly while trying to buy the ask and accumulate shares.

    Not quite sure why after trading the past 20 trading days (4 weeks) above these current price levels we decided to sell today... we have consolidated around 1.3M shares over these past 20 days which is easily over 10% of the GMGI share float, but that’s none of our business as each and every investor has different reasons to sell. Nobody here can control the sells, if you’re long here, all we can do is add cheap shares and spread the word about what a appetizing entry point the share price is currently at. In my eyes it truly is a very cheap price point with all the new partnerships and healthy growing financials. New buyers eat up the shares of current sellers, and when enough of this happens the price will head upwards.

    We only have 2 1/2 days left of this trading week and a total of 6 days left for 2020. Let’s see what happens moving forward. What we do know is the company has been growing at a very quick rate and poised for another record breaking quarter up ahead (Quarter 4)

    Sometimes take a step back and look at the bigger picture here.

    “The trend is your friend”

    Chart link

    https://schrts.co/ucxDKcgC

    Have a great night all, see you tomorrow.
    Bullish
  • j
    joe
    Checkout the GMGI SHAREHOLDER GROUP with over 2500 Members already. Link Below
    https://www.facebook.com/groups/369119810642392/?ref=share
    GMGI IS A COMPANY THAT HAS LICENSED SOFTWARE AND PLATFORMS THAT CAN CONVERT LAND BASED CASINOS TO ONLINE FOR CUSTOMERS TO PLAY AT HOME ON THEIR COMPUTERS AND SMART PHONES. THEY CURRENTLY HAVE 358...
    GMGI IS A COMPANY THAT HAS LICENSED SOFTWARE AND PLATFORMS THAT CAN CONVERT LAND BASED CASINOS TO ONLINE FOR CUSTOMERS TO PLAY AT HOME ON THEIR COMPUTERS AND SMART PHONES. THEY CURRENTLY HAVE 358...
    www.facebook.com
    Bullish
  • j
    jerry
    09-11-2020

    A GOOD READ: I just want to point something out for folks who think that the “APAC REGION” where Golden Matrix does their business is just ok and we need U.S. Markets...yes I believe we will have a U.S. Appearance soon as well.

    But think about the POPULATIONS.

    U.S. POPULATION is 331 Million

    ASIA PACIFIC is 4.64 Billion.

    4.64B divided by 331 Million = 14.01 times larger.

    So I just did the math for you all. There is more than 14 times as many people in the APAC population as the U.S. and much of the regions are getting the fast enough internet services to online gamble. Now let’s not forget online gambling is technically illegal in “China” but most do it online anyways, as they buy crypto currency and play this way. Most of the Population over there are VERY tech savvy. It’s only legal for them to technically drive to MACAU and get a one week visitors visa and gamble in the land casinos, which I believe Golden Matrix has as well. Some of the land casinos use the GM-X Software Platform to run their casinos online. DId you all know Macau Is the gambling capital of the world? Just this one location brings in 3X the revenue Vegas brings in a year. But bottom line if anyone wondered how much market share there’s out there? There’s a TON , it’s incredible with the populations of China, Australia , Phillipines, and the other 45 countries in the region. Yes the APAC REGION consists of 48 total countries. I think it’s great that Golden Matrix is offering “some trusted” clients sell their software 3rd party as they benefit off it and we get a nice cut of profit close to 18-20% Margins. This mentioned would be their NEW “VERTICAL MARKETS”. I’m looking forward to the other 3 new revenue streams that Golden Matrix is working on bringing live as we speak and very happy that they reinvested almost all of the quarters profit into expanding the companies capabilities of bringing in larger amounts of revenues and net profit for the future. I don’t know about you guys but I’m very happy to be a GMGI long here and looking forward to the uplist into NASDAQ, possible synergistic acquisitions, next couple of quarterly reports , and beyond. Have a great Friday and weekend all!
    Bullish
  • j
    joe
    GMGI 2020 YTD FACTS!
    🌟OPERATORS (CASINOS)
    430 (+187% increase)
    🌟Registered Players
    3,500,000 (+133% increase)
    .0008% of the APAC POPULATION
    🌟Achieved a Market Cap of over $100M ($105M currently)
    🌟Share Price
    $5.53 (+723% increase)
    🌟Performed a successful Reverse Split that reduced the share count to under 20M shares to prepare for uplist to a major exchange.
    🌟FILED FOR #NASDAQ ON AUGUST 27th 2020
    🌟Released Q2 showing profitability for the eighth consecutive quarter.
    🌟Hired three very qualified board members, with loads of experience.
    🌟Has shown many new revenue streams are up ahead for the remainder of 2020 (Q3-Q4)
    🌟Since last year YTD have increased their revenue 100% roughly if they are correct on their Q3 projections.
  • j
    joe
    Here’s their new “Vertical Markets”
    From June 2020, the Company launched an additional revenue stream which is distinctive to its other revenue streams. Historically the company charged gaming operators for the use of its unique IP and technology systems. Revenues derived from such charges were based on the usage of the proprietary systems by the clients and generated revenues with high margins.

    During June and July, the Company contracted with certain clients to offer third party gaming content and as such became a distributor and reseller of this gaming content. The Company acquires the third-party gaming content for a fixed cost and resells the content at a margin. The Margin on the new revenues is substantially lower than the historical revenues and expected to be around 18%.

    The Company believes that there is a significant opportunity to scale this new revenue stream with low related expenses and no capital expenditure and also to expand its global reach. The new revenue stream is highly scalable i.e. the running and support costs relative to the incremental revenues are low, and will reduce exponentially as a percentage of revenues as revenues grow. The Company will strive to roll out this new product offering to its existing client base and expects to scale up its revenues as a result.
    Bullish
  • j
    joe
    Today was a fairly stable day for GMGI closing slightly up @ $7.21 (+.84%). Some good consolidation has been happening over the past couple days getting shares into stronger hands, so we can move upwards. Another thing to note was once again this not only held above $7.00 but never even traded that low. The low of the day was $7.04 as we had one larger seller today selling around 10,000 shares. Somebody in this group was lucky enough to get 7300 of them today, and others chipped away at it buying all those extra shares from the seller.

    Chart looks great as we have very good support in the low $7s , let’s see if we can close up strong for Friday! Let’s see if we get enough buys on the ask to move the price up and get closer to testing early week highs around $7.40

    Nothing new from the company today, but I’m sure they’re busy hooking up the new online sports betting application from Amelco and offering all of Playtechs Premium casino games/Live Casino to the current 400+ Operators. We are coming in close to when financials are due, December 15th 2020. Keep a lookout for the new financials as they could come out any day now. Brian has been known in the past to release them early.

    Well let’s see what tomorrow brings and see if we get enough buyers tomorrow to close strong to finish off the week nicely. I hope y’all have a good night. 
    Bullish
  • j
    joe
    GMGI up 40% over the past 3 months, chart below and link showing the 40% can I make it any clearer?

    https://www.barchart.com/stocks/quotes/GMGI/performance

    http://schrts.co/itnGDxEE
  • j
    joe
    Today GMGI had filed a 8K with SEC that was released first thing this morning. This is a big deal, I was very excited. It basically said we have entered a two year contract with
    Amelco-a privately run company that has a “Top Tier leading sports betting software platform” for the purpose of sub-licensing (reselling) the Sportsbook and Licensed Application to existing resellers and/or operators for higher revenues and a profit.

    This basically reveals the name of last weeks deal that wasn’t mentioned in the news write up for some reason. I think the name was left out on purpose and we will find out more soon why. I believe it was for good reasons as Theres more to the story. I checked through the company and they are very strong, hauling in over $33 million in revenues yearly?. It wouldn’t surprise me if they are profitable as well. We should be very happy, this is the sports betting platform we are now offering all of our customers in the APAC region??. This platform may be the best one out there, I’ve been doing quite a bit of extensive research. They are compared to Flutter entertainment which is The real popular fantasy sports company called FanDuel, PokerStars, full tilt poker, BetFox, and others.

    So the best part of this news is, this sports betting platform makes golden matrix much more complete and give some more opportunity to offer their customers all their desired needs and keep them happy.? This may also bring in more attraction for new operators wanting to do business with golden matrix now that they offer both online casino and sports betting.

    Golden Matrix is really starting to come together and are growing lightning fast. Let’s not forget we are onto the fourth quarter now as that began yesterday. ??I believe we may see revenues from third-quarter shortly to see if they met or exceeded their 40% revenue increase over the record breaking second quarter?.

    If anybody here can’t see the value in this company that’s growing fast, while building a solid foundation, I don’t know what to say. It was very interesting seeing some selloff of shares today. It is what it is though, let the sellers sell and we can move on without them.

    If you guys get a chance check through my posts earlier as I posted a lot of good info on Amelco. From my point of view they are a very solid 14 year old private company with steady income? from a premium sports betting platform, and much more based out of London , U.K.

    Chart still looks good, closed down at $5.71 but trading in a nice channel as many folks have been adding shares weekly. The growth from golden matrix is incredible, and I haven’t seen anything like this ever that I have been invested in.

    Tomorrow is election day. Let’s see what comes from Golden Matrix next?, I think there’s many more coals in the fire that we will hear about soon. They didn’t put the name in the press release last week intentionally for some reason, as I think there’s something bigger coming. Let’s not forget every week this company is getting stronger and stronger for the past two years. Stronger the company gets and hauls in more revenues??, the more valuable the company is and share price should reflect. I hope you all have a good night, see you all tomorrow.
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