- Golden Matrix is a carbon copy of management's former penny stock, Elray Resources, which ran into issues with the SEC.
- While the company only has two actual employees, there is a catalog of SEC sanctioned individuals and firms that have been involved at Golden Matrix and Elray.
- The company's operations are a complicated web of related party transactions which obfuscate an otherwise trivial business.
- I expect Golden Matrix to follow in Elray's footsteps. Elray currently trades at less than one cent.
For further details see:
Golden Matrix Group: Reboot Of A Toxic Penny Stock Disaster