Shares in the penny stock of Global Gaming Network Inc. (Pinksheets: GBGM) had some serious gains Friday, up 63%, and that’s just the beginning. GBGM stock closed at 0.31 on Friday and needs to be on you list of penny stocks to watch immediately and researched, although little is available, before Monday. The penny stock alert of Global Gaming Network could be the biggest gainer this year making Awesome Penny Stocks watch in Awe, beating the gains of North Springs Resources (NSRS), Sunpeaks Ventures (SNPKor SNPKE, your choice) and Great Wall Builders (GWBU) gains COMBINED!
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GBGM Stock Chart From Friday
On Friday, 2.6 million shares of GBGM traded, more than 2X the Float. Yes, that’s right, 2X the Float. As of March 31, there are 99.88 Billion shares authorized, 461,206,012 issued and outstanding, but ONLY 1,200,334 shares in the public float. (see here) That is insane. Just remember, when GBGM is trading near $1, we told you about it here first at 0.31. VIP members found about it at 0.20.
A week ago, Stephen Kerr, CEO and President of Global Gaming Network, directly addressed shareholders with an update of GBGM’s business model and expansion plans. (see here) Although no word was mentioned by the company, rumor has it a massive hard mailer campaign is about to commence on Monday. Similar tiny float, massive outstanding share penny stock alerts like Marley Coffee, better known as Jammin Java Corp (JAMN) and Lithium Exploration Group (LEXG) had multiple dollar gains with hard mailer campaigns launched.
About Global Gaming Network Inc.
Global Gaming Network, Inc. is developing and distributing digital entertainment and sports information for online and mobile platforms. The Company owns and operates SportsAlert.com, the leading independent mobile sports information service in the U.S. and Canada, an established and branded business operating in the mobile advertising and marketing sector.
The Company also has an agreement with GoldBet.com, a leading online bookmaker in Europe, which pays GBGM a referral fee equal to 40% of the net profit from the tranasctions made for the entire Global Gaming Netowrk player network. Net profit is defined as players stakes, less player payouts, less player bonuses. (see here)
Bottom Line: GBGM stock must be on the list of penny stocks to watch for Monday. Look for gap-ups as the bid was 0.55 on eTrade at the close of trading Friday. If over $1 million trades on GBGM stock before midday Monday, it has officially caught a ride on the Space Shuttle.
Obviously, this is a pinksheets penny stock which has the transparency of the Florida Everglades so plan your trade accordingly and trade that plan. With just 1.2 million shares, this could hit the $1 level before Wednesday with some incredible trading volume.
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