Golden Matrix Group Inc (GMGI) News

We can all hope it moves back up to at least $6 bucks but doubt we see that high again this year. I guess we'll see...


PokerStar

my current average PPS on GMGI is $2.74, i am little red as now, but should move up soon

i swing trade GMGI for about 12 years, and ELRA, same ( that one i have a lot of common shares)

I'm not the one to argue facts about this company. I have forgotten more about this company than you actually know!


PokerStar

I've been here and bought millions pre reverse split. I've been here every minute since. After the reverse split, the price was about $2.40 and rose to over $14 within the next 6 months. How long have you been here flipping this?


Pok4

i wonder for how long you trade this stock, ok then, not wiped out, only cleaned out, please check news and PPS in 2015

I bet he’s a joo

And by the way... investors were NOT wiped out! In fact, following the R/S, the stock rose about 550% in the following months. But you knew that, it just doesn't fit your narrative!


PokerStar

You are starting to sound like a moron and now an admitted flipper. The R/S that happened to GMGI was done for the sole purpose to uplist to Nasdaq. It was not done for the purpose of raising the share price so they could dilute the hell out of the stock and pay debt like 99.9% of penny stocks. At least you've come clean and exposed yourself for what you are. Any positive posts from you will mean you're trying to entice buying so you can flip. Thanks for admitting your reason for posting here!


PokerStar

In fact in 2015 Goodman initiated massive R/S to GMGI. Wipe out all investors, get higher PPS, that's his trading signature, can't trust this man.

Absolutely not, part of any group, Goodman does this all time to his investors, his stocks good stock for swing investment, not a long, GMGI i trade just like his ELRA, considering as penny stock, semi fraud.

It was on Facebook private messenger to me. Someone I trust / trusted.

Lol... now that's a good one! Continuous record highs on the overall market for months yet we can't get this stock that's worth at least $5 bucks, all day long, above $2.50! GMGI has never followed the overall market trend. This thing has been in the sh*tter for over 2 years while the market has pretty much doubled. These crooked bast*rds are up to something nefarious again. No doubt in my mind. And BTW... if that comment was made on the Facebook blog...you should know it probably came from one of the shorter group!


PokerStar

I was told today could be people are nervous about Kamala and Worse day this year for the markets. Nasdaq closed down 4% or more. (Sounds like excuses to me).

A whopping 64K traded today... well below average, yet these dirty pr*cks were able to close this down another .12 cents. This is truly getting to be a real joke. New MeridianBet CEO converted 4 million dollars of debt owed to him for company shares priced at $3 bucks and we're now trading at $2.34... give me a f*cking break! Just another concerted effort to take this lower so when the first combined quarterly is posted, they can run this up so they can short it right back down. F*cking joke!


PokerStar

With your non stop negative posts about Elray Resources and GMGI, it's kind of looking like you're part of the group of disgruntled shorters.


PokerStar

This is hardly the CEO's doing. This has been an ongoing, concerted effort by a group that obviously holds a grudge about something with the company. These shorters have done all they can to kill momo wherever this starts to run. The CEO's shares are locked up and anyone that thinks the price here isn't being controlled by shorters are either blind, stupid or a little of both. All in my opinion of course!


PokerStar

Goodman and his team at best performance, standard

Agreed. Nothing but ongoing short covering between $2.25-$2.46. These dirty pr*cks won't even let it get above $2.50. What we need is a huge volume day in the 400-500K range to force these dicks to cover and allow it to run. We should be seeing huge buys going on here for anything under $3 bucks but these dirty shorting pr*cks have scared off any legitimate investors here knowing these pr*cks just won't allow this to go higher. Every little bump in volume and price and these dirty pr*cks dump more shorted shares into the bid to keep the price in check. I'm so sick and tired of these games along with the rest of us longs.



PokerStar

F-ing joke

Agreed 100%!


PokerStar

Like I said before, it's a shame the stock market ended up this way with greedy low lifes dumping into the bid to make their daily earnings..It ruins it for the honest investor who wants to build this up in their savings portfolios. I still have a hunch that this stock is the one that is being abused the most not just for earnings but as a payback with whoever got their feathers in a ruffle about this stock a while ago. It's a nasty selling like it is being orchestrated by a certain group.

Something continues to go on here that is sickening, that's all I know. I'm just so sick of watching the gains continually disappear. This ticker should be at least at $4-$5 bucks minimum, but these flipping douchebags won't even let the price get back solidly over $3 bucks before they start dumping into the bid. Between the shorters and the flippers here, I'm at my whits end! Like I said, if this isn't at least around $3.50-$4.00 bucks by the time the quarterly drops, I'm out. I'll take my lumps and move my money elsewhere. I've just had enough of these games.



PokerStar

It feels like a vendetta to wipe us out..Somebody or a few have hard-ons for this stock. Maybe they are the ones that were thrown out of the group boards for bragging about flipping and shorting. This is NOT normal.

Another day of shorting the f*ck out of this ticker. They let it run up to $3.10 this week as these losers couldn't find sellers to cover their shorts. Since then it's been a sell fest. Same sh*t, different week. I'm just about done with this sh*t. Giving it another month and if nothing changes, I'm dumping everything and putting my money elsewhere, where it has a chance to hold some gains. This is just getting sickening to see these never ending games.


PokerStar

How much lower do you want it? The 52 week low is 1.95, which is slightly lower than the price after the RS when this company was tiny and was looking to uplist to Nasdaq. After the recent run up to low $6s, followed by the profit taking and serious shorting, the price churned in the $2.20-$2.35 range for days. 650K shares shorted that need to continue to be covered. This is now a profitable company and with the recent MeridianBet acquisition, it's now a company with 1st year combined revenues around 160 million. How low do you actually believe the price can go? Unless more shorting destroys the price before the quarterly drops in mid August, this shouldn't be going anywhere but up... and I'm not trying to convince you to buy a share here. I couldn't care less what you do. But for the love of God, stop dropping in with negative comments, if you are truly intrigued by this company! You come off as a shorter, so don't waste your posts sending constant negativity! Thanks!


PokerStar

Chart has a lot of support at 2.50. Over 3.50 it would have to break to have any chance of moving up. Long term I like this company. Looks legit. Like I said. I ain’t shorting. Just would enter if lower

Great flipper your ass..Why don't you stay off of here.

When went through a reverse split, sky rocketed, usually r s lose money

Great flipper

Interesting company

It was nice to see the company announce a share buy back program of $5 million dollars. I'm hoping that this time around, with the acquisition complete that they actually support the share price by stepping in and supporting the bid. I believe the smartest thing for them to do, if they actually want to help the share price and shareholders, is to sit on the bid. As they pick up a few shares and the price rises... the best thing would be to show a nice rising bid. That's what we need here to send a message to these loser flippers that kill our momo for burger money!

Agreed brother! Just have to look at today's action. Hit $3.10 then these low lifes were ready to dump into the bid. Rinse and repeat! I didn't believe a possible run would hold $3 bucks first time around but I am thinking we do close at or above $3 bucks by Friday's close. IMO!


PokerStar

Problem is I think, they won't let it gain up to the 7's or 8's this time. Too many greedy low lifes that have recognized this stock are just happy what they are making when it reaches a couple of bucks past $2.00 so they can cash in on lower profits. Beer, cigarette, and drug cash before the next guy.

I think the short covering has been ongoing for about a week or so. A lot of over 100K trading days in the $2.26-$2.40 with the price stuck in that channel. I think now that the short covering may be getting near the end. My question remains, will they let this run, up to the release of the quarterly, only to short the hell out of it once again? I wish the days of retaining our gains and moving higher were here to stay until we get back over $7-$10 bucks!


PokerStar

Don't know for sure. It wouldn't surprise me, but with this low price, I'm thinking it's more like short covering. Today's late volume influx as well at a higher price kind of looks like ongoing short covering as well. Either way, these shorters continue their games, so unless you're in the shorting group, we don't have the answers. This drop from trading in the low $6s for 3 days, then them dropping the price right back to where the run started was total bullsh*t. I could see the usual profit taking dropping from $6s to maybe $4... maybe even $3.50-$3.75 before heading back up would have made sense, but certainly not to low $2s! The question now is going to be, how high will they let this run before dumping on longs again and killing the next run? $3.50-$4.00 is my guess. Today was a start in the right direction but we're not out of the woods yet.


PokerStar

Looks like covering short positions starts 🤞

12,400 shares bought at 4 PM. without raising the shareprice..Probably a shorter who will sell it tomorrow. or the next day.

Still ongoing selling into the bid but I guess on the bright side, bids in the $2.30 area keep getting replaced with more bids when taken out. Also noticed that the short term sentiment has flipped to a hold/buy. Maybe the short covering is finally coming to an end? I guess we'll find out...



PokerStar

I'm curious about how many more short shares are still in need of being covered. There were as many as 650K reported short a couple of weeks ago. Surely they must be close to covering by now? We've been stuck in this low $2 channel for over a week with an average of about 150K daily shares traded. With the quarterly report coming out on the 14th of August, they should be done soon and we can at least get back to $3 bucks and out of this ridiculous channel! IMO.


PokerStar

Makes zero sense to me...I have to agree with you. People were buying this up on high volume into the $6s less than a month ago. Now we can't get our head above $2.50. Ulterior motives in play here to kill this stock.



PokerStar

This selling at this low price shows me the pr*cks are just trying to crush us.

Preliminary 8K just dropped an hour ago showing a nice record quarterly revenue increase to $39 million and forecasted increased revenues and profits for the foreseeable future. On pace for total revenues of $157 million dollars in their first fiscal year together! Also mention of the new licenses in Africa and Peru and a new partnership between MeridianBet's Sportsbook, Expanse Studios and Betika... Kenya's leading Sportsbook. On a side note, MeridianBet CEO also converted $4 million dollars of differed debt into GMGI shares. I guess he too knows this company is going places.


PokerStar

Lol. I thought this was a Great find when I found it. I missed the run. I wouldn’t the top or the middle. I am now considering entering. But I see lower prices. The profits are just not there to take the risk. But like I saud I’m watching. And I Hate to say this..a Good trader always takes profits. You guys had 100’s of percent. It doesn’t have a PE. So u must sell and make money that’s what your here for. If you miss the HR. Oh well. But u made some money. Now your back to waiting on a HR. Gl. They may dilute or sell insider shares. The officers have too many free already. Imo gl

Swamps in Florida become valuable property, lately, cover with dirt, and build homes

Funny you say that... so you've only been watching this symbol for 10 years. No buying, no shorting, yet you show up when the price is down to rub salt in the wound, and now, you want longs to have their day? Let me see... do you also have some swamp land in Florida you'd like to sell me? Lol... yeah, right!



PokerStar

For the record I’m not shorting or in the know of anything. But have been watching this symbol for 10 years. I hope the longs have there day.

Actually you called $2.10. Like I said earlier... it's easy to come back and look like a clairvoyant when you are in the know and part of the shorting crew. If this ever sees $1.95 again, I'd be shocked! $1.65??? I'll be ready to add 20K more shares!


PokerStar

I called 2.26. Hmmm. Stinks. Looks like 1.60 is the entry

Another 100K traded so far today and stuck in a channel between $2.28-$2.33. Unbelievable! 650K shares sold short, so just how low will they take it and just how long before they decide to cover? We are coming off a solid run to the low $6s and here we are, right back where the run started. A classic 60% pullback after a big runup. Time for these dirty pr*cks to cover and let this run back up to at least the $4 area. Hell, the latest 10 million dollar investment carries warrants priced @$4.00. We belong at least in the $4 dollar area, minimum! Seems as though with the volume staying on the lower end of average, and the hundreds of thousand shares to cover, we may be stuck here all summer. I'm not going anywhere but I wonder how many longs have sold out for good? I bet the shorts have been able to flush out some longs so far. I just can't get over how buyers haven't stepped in yet with massive rising bids, causing a big bump in volume and short covering yet. We are so oversold on the charts on the price is already at a bargain basement price. Analysts had GMGI with a price target of $4 bucks before the 100 million dollar acquisition! SMFH!!!


PokerStar