![](\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93954\/vzxcvxvzxc.gif\")
Golden Matrix Group Inc. (OTCMKTS:GMGI<\/a>) finally managed to step out of illiquid obscurity yesterday. Too bad that turn of events lasted so little and was only made possible by a paid pump. <\/p>\nIn many ways, GMGI<\/a> <\/strong>is the quintessential OTC Markets paid pump-job. What we have here is a company with next to no assets to its name and no cash in its pockets. Unsurprisingly, said entity has millions of dollars worth of debt weighing it down – and most of that debt converts at rates of $0.001 per share.<\/p>\n The fact that GMGI<\/a> <\/strong>has so much toxic convertible debt outstanding should ring a bell – and, true enough, once investors take the time to look, it becomes quite clear that the company has an extensive history of stock-related shenanigans.<\/p>\n The fact that GMGI<\/a> <\/strong>has had to perform TWO monstrous reverse splits (2000 for 1 and 1500 for 1) in the last three quarters in order to retain even an ounce of liquidity speaks volumes about how GMGI<\/a> <\/strong>does business.<\/p>\n Investors are advised to note how the first of those splits happened just after the company experienced a rush of attention, similar to the one that happened yesterday, and think about what that says about GMGI<\/a>‘s <\/strong>practices.<\/p>\n And if all of this wasn’t suspicious enough, GMGI<\/a> <\/strong>is currently being touted by the entity that’s behind such infamous pumpers as EpicStockPicks and the aptly named TheWolfOfPennyStocks.<\/p>\n
![](\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93954\/vzxcvxzcv.jpg\")
With this in mind, it should not be that difficult to discern exactly what’s going on here, as well as figure out why