Buy my GLXZ stock

Nicely done Soopoo...I cashed out at $0.75 with a 4 bagger.

Quote: SOOPOO

Doubled since the sale this thread was started to discuss. I got in at 24 cents a share. Now up 5 fold. $1.24 now.

Geez Just looked again. $1.46 Does anyone know why? Someone buying it?

Quote: SOOPOO

Geez Just looked again. $1.46 Does anyone know why? Someone buying it?

After G2E, news is likely spreading about the NV approval etc. I also see them getting several product approvals in other jurisdictions. I'm sure both are having a positive impact.

Quote: SOOPOO

Geez Just looked again. $1.46 Does anyone know why? Someone buying it?

I don't know much about the company but they did just bring in some very strong and respected management.

Quote: SOOPOO

Geez Just looked again. $1.46 Does anyone know why? Someone buying it?

To me it is getting a bit frothy, of course I sold at $0.70-$0.75 as I didn't think Rob S would step down following original NVGC decision. Take 1/2 off the table SooPoo, you never go broke taking a profit and this stock is so thinly traded, you rarely can get more than 5,000 shares sold without moving the bid. I show 5,500 bid at $1.42 right now...I would take tap that.

Big move down in GLXZ today on 100K shares so far. Very odd as the company reported mid teen growth in revenue for 2017 and cash flow situation has been solved via the 2016 refinance. May just be that you can't move big blocks of stock without moving the market. Not sure how much got sold at $0.51, but that is a ridiculous cheap price to sell at...bid back up to $0.81 as of now.

GLXZ now hovering around $1.50. At $1.44 it is a sixfold increase since my purchase. I think I'll sell 1/3 of my position at the same time as my NTEK, cancelling a gain with a loss....

I now remember why I bought it in the first place..... I wanted to be able to joke with Pai Gow Dan that he 'works for me'. RIP Dan.

Hit $1.61 yesterday. Someone knows something.....

Quote: SOOPOO

Hit $1.61 yesterday. Someone knows something.....

Nothing new. I've been telling people to buy it since about $0.25 I think. Strong games, big money making jackpot system, lower monthly leases than Shufflemaster.


ZCore13

I happen to know that they are going to lose 1 placement of 1 table very soon. I doubt that will move the needle on their share price though.

Fascinating news. (I have a low threshold for fascination). I had 2500 shares of GLXZ and finally decided to pull the trigger and sell 1000 of them. The price had hit $2.00 a share and I put in a sell order of $2.02. I knew there was a large chance it would not go up any more and I would not sell the shares. Well, lo and behold I get 3 separate emails telling me I've sold partial amounts. 100 shares. Then another 100 shares. Then 30 shares. But when I go online it lists the daily high of $2.05! I see the bid and ask price is now $1.92, and $2.02. The $2.02 is my request to sell, as it is 770 shares! I ask the broker (TD Ameritrade) how a single share was sold at $2.05 when I had a $2.02 order. Apparently there was an "off the market" sale that the seller and buyer still must report to "the market".
So I asked, can this be 1 share? So that the "daily high" now lists at $2.05 even though in reality the stock never truly traded above $2.02? I am stunned that there can be such lack of transparency. I wonder if it is illegal to do that?

Anyway, I sold 230 of my share at around $465, a profit of over $400. If I am able to sell the other 770 at $2.02 on Monday I will. If not, I'll wait...

Quote: SOOPOO

Anyway, I sold 230 of my share at around $465, a profit of over $400. If I am able to sell the other 770 at $2.02 on Monday I will. If not, I'll wait...

Congratulations on the good timing. As a first time poster on this forum, please accept my appreciation for all the intelligent posts on this board and others about Galaxy Gaming and the table game marketplace in general.

I actually attended the motion for preliminary junction hearing in the Eighth Judicial District of Nevada (Judge Nancy Allf) last week. For those board members not familiar, Galaxy Gaming redeemed all of Robert Saucier's shares (arguably) in accordance with company by-laws due to Saucier's difficulties with various state licensing boards.

The attorney requested that Saucier's shares (through his Triangulum Partners LLC) be segmented by the company while the matter awaits trials. To be concise, Judge Allf ruled against Saucier for this matter.

There are a few pertinent issues gleaned from the near 90 minutes of argument put forth by both sets of attorneys. Even though I am a layman and not an attorney, it was pretty easy to understand the various lines of argument that both sides will press in a trial:

Robert's weakness: Although his attorney argued in the hearing that Galaxy Gaming actually wrongly to acquire the shares, the Judge seemed unimpressed by the argument that Board of Directors did not follow a) Nevada law or b) Section 6 of the Article 3 of the company by-laws. NV law only requires a board to pass a test of "reasonableness" and show no personal benefit. This is a very low standard and easier than the requirements put on boards for companies domiciled in Delaware.

Robert's strength: Although the repurchase price is spelled out in the by-laws (average price over a period of time proceeding the redemption), the other terms Galaxy Gaming put on Saucier appear problematic. Two percent interest, subordination of the note to other debt, semi-annual cash payment ... it seems too harsh. However, Galaxy's attorney also argued that Robert is the transgressor and forced GLXZ to repurchase the shares because of his background and unwillingness to cooperate with regulators, and therefore should not be rewarded.

For purposes of disclosure, I am a GLXZ shareholder. My self-interested motivation for writing this post is to invite one or more of you to personally contact me via private message so we can further discuss GLXZ and the table game business. I'm based in Las Vegas and would love to converse about GLXZ, etc.

Quote: EightTrack

For purposes of disclosure, I am a GLXZ shareholder. My self-interested motivation for writing this post is to invite one or more of you to personally contact me via private message so we can further discuss GLXZ and the table game business. I'm based in Las Vegas and would love to converse about GLXZ, etc.

Seems legit

Quote: EightTrack

For purposes of disclosure, I am a GLXZ shareholder. My self-interested motivation for writing this post is to invite one or more of you to personally contact me via private message so we can further discuss GLXZ and the table game business. I'm based in Las Vegas and would love to converse about GLXZ, etc.

Why would you join a public forum, to discus a public company and a public hearing and want to talk to people about the stock and gaming in private?

Many of us here owned/own GLXZ stock. Many from when it was $0.18 or so. What kind of secrets do you think I you are going to give or receive?


ZCore13

Quote: EightTrack

For purposes of disclosure, I am a GLXZ shareholder. My self-interested motivation for writing this post is to invite one or more of you to personally contact me via private message so we can further discuss GLXZ and the table game business. I'm based in Las Vegas and would love to converse about GLXZ, etc.

I got even luckier. I sold the other 770 shares at I think $2.15, before the steep drop. I know as close to nothing about GLXZ as possible. I just bought it because I knew someone from the forum worked there, and I wanted to be able to say "you work for me!" Pretty sure it was PaiGowDan, may he RIP. I will talk about it on the forum whenever you like, but have no interest in discussing stocks via private message.

Welcome to the forum!

Quote: Zcore13

Why would you join a public forum, to discus a public company and a public hearing and want to talk to people about the stock and gaming in private?

Many of us here owned/own GLXZ stock. Many from when it was $0.18 or so. What kind of secrets do you think I you are going to give or receive?


ZCore13

I mean no disrespect or anything nefarious, ZCore13. Some investors or potential investors limit their stock discussions and opinions to public boards and some prefer to speak privately about stocks, particularly illiquid microcaps. For example, there is a thread on MicroCapClub (a notable microcap forum) about Galaxy Gaming for years. If one is a private investor looking to accumulate or sell a large blocks of shares, or alternatively, a manager of third party assets, he or she is often reluctant to discuss too much publicly.

Certainly I'm not looking or offering anything "secret" but at times investors engage with management teams however do not want to publicly post anything negative because it could go back to the team. Hence, my offer to converse privately.

I understand that stock investing is a side bet [joke intended] to the main purpose of this site and forum. I appreciate your contributions in particular and tip my hat in your direction for your excellent GLXZ gains.

During the preliminary injunction hearing, Galaxy's attorney stated that a CA license, if granted, could nearly double Galaxy's revenue. There may be some rhetorical bravado in that statement but attorneys usually do not like to say something that cannot be argued persuasively to some degree (unless it's Hail Mary legal time). There are a lot of smaller casinos in CA that seem ripe for GLXZ's offerings. I would appreciate any thoughts but understand if you or others find my original post weird and rather not continue.

Best,
Jason (EightTrack)

pump and dump?

Quote: Dalex64

pump and dump?

Really?

***

Look, I'm just trying to add to my knowledge of GLXZ and the industry. Galaxy Gaming (GLXZ) is an OTC traded microcap so certainly no one should buy or sell based on any forum postings (including mine). Always do your own due diligence.

As investors it is always imperative to avoid what is called as "anchoring bias." It doesn't matter if one's original purchase price was 20 cents or $2.00 (my original purchases of GLXZ was in the 60s.) What matters is the opportunity for GLXZ going forward and the expectations built into the existing price.

For better and for worse, Galaxy's repurchase of Saucier's shares have turned the company into a heavily levered business. Add to the lawsuit on top and there is an extra layer of complexity. However, with the complexity comes opportunity. It is why an investor like myself is scouring the internet for forums and individuals to discuss (public or private) the company and the table game industry. I realize my approach may have been off putting, but please understand it is much more common in investing venues.

So the downside is GLXZ's leverage and lawsuit but the upside are the opportunities for a) new (better?) management and b) new states which finally license Galaxy Gaming (such as Maryland, Ontario Canada, Wisconsin, and hopefully in the future, California). Given GLXZ's high margins, there could be significant operating leverage and earnings growth. THAT IS IF Galaxy Gaming can execute and IF the negatives of the lawsuit do not impact the company.

Adding some additional spice to the situation is the recent addition of Gavin Isaacs to the BoD of Galaxy Gaming. As many of you probably know, Isaacs was involved in Aristocrat, Bally Tech, ShuffleMaster, and Scientific Games. One can argue as to whether his contributions to the industry are positive or negative from an operations perspective but he definitely affected it substantially through mergers and acquisitions.

The substantial leverage means that small changes to the enterprise value (market cap + debt) of Galaxy Gaming will have outsized implications on the market cap and therefore, the share price. This effect can cut both ways of course.

In the end, my job is to figure out certain operating and legal scenarios for the company, weigh them appropriately (to the best of my ability), calculate the investment implications of said scenarios, and place my bet (if it is a good one). Or pass. This is not so different than what any smart person does when they walk into a casino and sit down at a table. It's always fun and sometimes profitable. Back and forth with fellow investors and people interested and knowledgeable about the industry is key to the investment process.

If anybody has anything to share or add - publicly or privately - I would appreciate it. And if any of you happen to be at Galaxy's annual meeting at the end of August, perhaps we can introduce ourselves face to face.

Once again, I realize that my posts may come off as a little foreign or worse on The Wizard of Vegas forum. Stock discussion is not central to these boards.

I'm just a Vegas resident and a serious stock investor. Happy to share more than my first name to any of you guys off the public board and give some reassurance.

Jason (EightTrack)

P.S. Dalex64 - there are some pump and dump artists out there so it's smart to be careful. All the best.

Quote: Dalex64

pump and dump?

This wouldn’t be the board to use to pump.

Quote: unJon

This wouldn’t be the board to use to pump.

No, but you could get in touch with people, say over a private message, and coordinate where and when to make posts or other public/social media statements, and what the various people might say.

I guess my original post was sort of an indirect answer to

Quote: Zcore13

Why would you join a public forum, to discus a public company and a public hearing and want to talk to people about the stock and gaming in private?

I think something must be going on with GLXZ. Was less than $1 in October but now closed at $2.29 Friday. Good for my 1770 shares.

Any theories?

Quote: SOOPOO

I think something must be going on with GLXZ. Was less than $1 in October but now closed at $2.29 Friday. Good for my 1770 shares.

Any theories?

COVID vaccines are good for casinos. If you look at other casino-related stocks in the same timeframe, you'll see similar movement.

Quote: SOOPOO

I think something must be going on with GLXZ. Was less than $1 in October but now closed at $2.29 Friday. Good for my 1770 shares.

Any theories?

More.... now $2.55. SOMEONE knows something! The only thing I can think of is insiders must know it will be bought by someone... or some game will be announced as super profitable. But up over 10% today on no news....

Quote: SOOPOO

More.... now $2.55. SOMEONE knows something! The only thing I can think of is insiders must know it will be bought by someone... or some game will be announced as super profitable. But up over 10% today on no news....

. Someone still knows something!!!!! Up to $2.75. I always laugh at ‘insider trading’ laws. SOMEONE knows something that is not public. And is taking advantage by buying. No.... I don’t have any evidence.. but all of a sudden someone decided GLXZ is worth $10 million more today than a week ago? I’m happy to be along for the ride.

Quote: SOOPOO

. Someone still knows something!!!!! Up to $2.75. I always laugh at ‘insider trading’ laws. SOMEONE knows something that is not public. And is taking advantage by buying. No.... I don’t have any evidence.. but all of a sudden someone decided GLXZ is worth $10 million more today than a week ago? I’m happy to be along for the ride.

The CEO just publicly acquired a good bit of it on February 19th and filled out an SEC report accordingly:

https://www.sec.gov/Archives/edgar/data/13156/000120919121012286/xslF345X03/doc4.xml

Other sources say, "Shares received in connection to the reporting person's position as CEO."

It would appear, since there was no new issuance and was a price listed that GLXZ bought 80,000 shares and compensated the CEO with them.

As far as your concerns of insider trading are concerned: I don't think this proves anything at all. GLXZ is a small-cap stock that only has something in the neighborhood of 22M shares outstanding, so that means it'll just be more volatile than most. As you saw from October until now, it just did what the broader casino industry (not to mention the overall market) did, but in a much bigger way.

People might also be taking notice of a few Institutional Investors picking this stock up on December 30, 2020, though the percent held by Institutions is still less than 10% overall as the two who picked it up that day appear to be the only Institutional owners.

Now $3.10. On no news that I am aware of. I’ll keep enjoying the ride. I think I’ll sell some if it makes $3.25.

Quote: SOOPOO

Now $3.10. On no news that I am aware of. I’ll keep enjoying the ride. I think I’ll sell some if it makes $3.25.

I went to golf.... came home.... (was raining so we went to dome, actually), it is now $3.20. SOMEONE KNOWS SOMETHING!

Quote: SOOPOO

I went to golf.... came home.... (was raining so we went to dome, actually), it is now $3.20. SOMEONE KNOWS SOMETHING!

Closed at $3.37. Whenever it becomes known....

Quote: SOOPOO

Closed at $3.37. Whenever it becomes known....

$3.50. A larger company going to buy the company?

Quote: SOOPOO

$3.50. A larger company going to buy the company?

Maybe. Or maybe pump and dump. Troll through the yahoo and Reddit message boards and see who is saying what.

Quote: unJon

Maybe. Or maybe pump and dump. Troll through the yahoo and Reddit message boards and see who is saying what.

. I don’t want to go down that path. Can’t exactly put my finger on why.... finished at $3.50 today.

Not likely a pump and dump on the 2nd largest table games distributor in the world. I've been saying it's a great company since it was below $0.50. They are well run, have some strong games, good pricing and more liked than Shufflemaster.


ZCore13

Opened up big again today. Now $3.60. I like Zcore’s answer. But I firmly believe that some insiders know something. Of course it’s just a guess. I originally was going to sell some but forgot it was in my ‘taxable’ account so will keep riding for now.

In at $0.245. Now at ATH $3.85. Just a reminder that hitting one ‘16 bagger’ on a penny stock makes up for 5 others that go bankrupt. If it makes $5 I’ll sell a little more and pony up for Uncle Sam.

Quote: SOOPOO

In at $0.245. Now at ATH $3.85. Just a reminder that hitting one ‘16 bagger’ on a penny stock makes up for 5 others that go bankrupt. If it makes $5 I’ll sell a little more and pony up for Uncle Sam.

I'd be about ready to sell if I still had some. I think the economy is going to be in trouble over the next year. Lots of house foreclosures, rents going up, gas up, groceries up, inflation hitting with all the free money that was printed. I'd be surprised if it gets to $5 anytime soon.


ZCore13

Quote: Zcore13

I'd be about ready to sell if I still had some. I think the economy is going to be in trouble over the next year. Lots of house foreclosures, rents going up, gas up, groceries up, inflation hitting with all the free money that was printed. I'd be surprised if it gets to $5 anytime soon.


ZCore13

Me too. $5 is a nearly 30% jump from its price now. I just hate paying the taxes! So want a bigger win than I should reasonably expect….

Quote: Zcore13

I'd be about ready to sell if I still had some. I think the economy is going to be in trouble over the next year. Lots of house foreclosures, rents going up, gas up, groceries up, inflation hitting with all the free money that was printed. I'd be surprised if it gets to $5 anytime soon.


ZCore13

Reached a high of $4.11 today! I think closed at $4.03, so I think first time over $4. I truly have absolutely no inside information or knowledge…. but it just feels like someone or some corporation is planning on acquiring it in a takeover.

Quote: SOOPOO

Reached a high of $4.11 today! I think closed at $4.03, so I think first time over $4. I truly have absolutely no inside information or knowledge…. but it just feels like someone or some corporation is planning on acquiring it in a takeover.

A day later. Now at $4.18! Up, up, and away! Why?????!!

Quote: SOOPOO

A day later. Now at $4.18! Up, up, and away! Why?????!!

$4.25 now. Sky’s the limit?

Quote: SOOPOO

$4.25 now. Sky’s the limit?

Just hit $4.59. Sky is getting closer?

Quote: Zcore13

I'd be about ready to sell if I still had some. I think the economy is going to be in trouble over the next year. Lots of house foreclosures, rents going up, gas up, groceries up, inflation hitting with all the free money that was printed. I'd be surprised if it gets to $5 anytime soon.


ZCore13

Less than a month after this post…. $4.64 now! Was $3.85 when you posted…. Approaching “20 bagger” for me!

Quote: SOOPOO

Less than a month after this post…. $4.64 now! Was $3.85 when you posted…. Approaching “20 bagger” for me!

I'm still sticking with my thoughts. Add the Delta Covid about to quadruple hospital visits... Economy is going to be rough coming up again.


ZCore13

Quote: SOOPOO

Less than a month after this post…. $4.64 now! Was $3.85 when you posted…. Approaching “20 bagger” for me!

The company that I just started working for, their stock value has went down about a billion dollars in the four weeks I have been there. I hope they don't blame me.

Quote: DRich

The company that I just started working for, their stock value has went down about a billion dollars in the four weeks I have been there. I hope they don't blame me.

Are you comfortable naming the company? I bought GLXZ solely to tell PaiGowDan that he ‘worked for me’. I’d be happy to buy some to say the same to you!

Is part of your compensation or retirement in company stock?

Quote: SOOPOO

Are you comfortable naming the company? I bought GLXZ solely to tell PaiGowDan that he ‘worked for me’. I’d be happy to buy some to say the same to you!

Is part of your compensation or retirement in company stock?

I am not comfortable saying it at this point. A hint would be that it is on the NYSE.

Yes, I get an annual stock allocation.

I don’t understand why they simply cannot be sold on the stock exchange. It seems to me that this is a more reliable way. Personally spent all the money I won from the 1974 world series of poker to buy a house. I believe that real estate is a more reliable investment.

Quote: mosss45

I don’t understand why they simply cannot be sold on the stock exchange. It seems to me that this is a more reliable way. Personally spent all the money I won from the 1974 world series of poker to buy a house. I believe that real estate is a more reliable investment.
link to original post

I note that Johnny Moss won the 1974 world series of poker, but he died about 20 years ago. What do you mean when you refer to "all the money I won from the 1974 WSOP?"

Quote: gordonm888

Quote: mosss45

I don’t understand why they simply cannot be sold on the stock exchange. It seems to me that this is a more reliable way. Personally spent all the money I won from the 1974 world series of poker to buy a house. I believe that real estate is a more reliable investment.
link to original post

I note that Johnny Moss won the 1974 world series of poker, but he died about 20 years ago. What do you mean when you refer to "all the money I won from the 1974 WSOP?"
link to original post

He says that same thing in many of his posts and a couple other bogus accounts.. Spam bot or human spammer.


ZCore13

Hit $4.88 today. Now it is a ‘20 bagger’ for me. I do go through some ‘zero baggers’ (NTEK, CYDY) when buying penny stocks, but if you hit one every now and then it is worth it! Once (if?) it hits over $5 I’ll sell a little.

Quote: SOOPOO

Hit $4.88 today. Now it is a ‘20 bagger’ for me. I do go through some ‘zero baggers’ (NTEK, CYDY) when buying penny stocks, but if you hit one every now and then it is worth it! Once (if?) it hits over $5 I’ll sell a little.
link to original post

Hit $5.16 a half hour ago. Didn't sell any. Was about to put a sell order in for $5.25..... became moot as it is now back a tad under $5. They announced good earnings, while simultaneously announcing that they will be giving cash and stock to members of 'the board', while also stating due to previous troubles they can't pay a dividend.... so might as well give that available money to 'the board'!