urge2surge
2 months ago
The 10Q is about as abysmal as you can get. The company is broke. Current market cap is 1.2 million on a shell. They milked it dry. Nothing left.
This week's paint job is an attempt to keep the QB listing. There's nothing on shares purchased, business model execution, or diversification towards any scaling business model.
Only thing left is hopium on a reverse merger. There's always a possibility but it is extremely small.
Without a massive cash infusion, and a new delineated business model, there's no reason this should be anywhere above .001, and that was based on last quarters cash holdings.
Just my take.
https://www.otcmarkets.com/stock/GMER/security
urge2surge
3 months ago
At those digits it would be on the expert market. The real question aside from being over valued at the present market cap, why buy it at all? If it's a speculative buy for the hopium of the merger, then I guess at some point you take a chance. In my opinion that opportunity has come and gone when the stock company was viable. Now the only value is the QB listing for a company that can qualify for the merger. Via one is an unknown as they Are private and haven't submitted any audited financials to substantiate Dave's claims on revenues. In fact I'll go so far as to say that I believe they were bloated and uplisting would have revealed that. That's why they didn't pursue the uplist. Just my opinion but it does explain the failure to do so. Finally the corporate actions on the good gaming business were nothing short of catastrophic. There was no active fiduciary measures taken to preserve working capital or adjustments on the business model. They also failed on disclosures regarding the model, and
Furthermore continued to market it as a viable entity. So, how do you trust that level of incompetentcy?
The OTC is in a massive correction and still terrible on money flows. It's improved somewhat but still lacks any real tractions. So your looking at dead monies until it isn't..
So, 4 years and millions gone, zero buybacks and jawbone communications on hopium.
At what MC do you enter? Well, cash on hand was about 150k, with zero revenues. Currently the mc of 1.2 million, with about 130 million outstanding should really be near or at .001.
Just my take and opinions..