Dark Pool Pulse 📊

📊 Tracking the real moves behind the markets.
🌊 Dark pool data, fund insights, ETF strategies.
🔍 Data-driven clarity for smarter investing.

[Dark Pool Pulse 📊 @DarkPoolPulse]

📢 Disclaimer:
All data posted is for informational purposes only. These are not buy/sell recommendations & do not reflect any outlook.
Dark pool calculations are based on a public methodology & should not be solely relied upon.
Do your own research. This is not financial advice.

[Dark Pool Pulse 📊 @DarkPoolPulse]

@uboat159 $GMGI we're just getting started!

[Dark Pool Pulse 📊 @DarkPoolPulse]

@pethiljadasto I don't really look into technical analysis, mainly focused on the fundamentals, and smart money data. TA feels less relevant for me given my expected holding period is 5+ years. It feels like a nice entry at the moment and seems as though it is starting to get discovered more

[Dark Pool Pulse 📊 @DarkPoolPulse]

Here's how the dark pool data looks for my watchlist over the past week

$DUOL $GMGI $LNZA $PLTR $QXO

[Mark Colin @uboat159]

My #1 Future Multi-bagger Sm-Cap Idea $GMGI #Meridianbet Just Reported Record Q4 & 2024 Earnings. Sm-Cap GEM Growing like a weed.

*Full-year Revenue jumped 63% to $151 million
*Q4 Rev growth up 81% to $46 million
*Q4 Gross Profit rose 45% to $27 million

*Full-year Gross Profit up 30% to $89 million from strong demand, acquisitions, operational efficiencies, & high margin services.

*Meridianbet ALONE grew rev $93 million 2023 to $106 million 2024 YET their AI platform ATLAS only completed rollout this month.

*Cash balance of $30,000,000 ensuring financial flexibility for future investments. Tot $40 mil debt with low 1.8 Debt Ratio.

In April of 2024 Golden Matrix Group (Nasdaq $GMGI) acquired #Meridianbet, an off-radar private sportbetitng & igaming tech company that was grown organically, profitable 25+ years (other than Covid during shift to Online), with ZERO borrowed money.

Meridianbet Founder Aleksander Milovanovic and CEO Zoran Milosevic wanted on Nasdaq and almost all $GMGI compensation @ $3. They know their company has taken the longer and more difficult road to build proven, scalable, and disruptive AI tech that will change the future of the industry. They recognize the value of it to set them apart in the 5% with an enduring competitive advantage in the sector that they can outsource to B2B to other companies.

$GMGI #Meridianbet will now be able to continue global execution and scaling into new territories faster. Their 5th Gen AI Tech platform ATLAS will increase profit margins and rev streams with micro-betting, live-betting, bet recommendations, personalization, and other AI enabled features. It will collect valuable regional data on player behaviors and preferences. It will allow companies to efficiently and effectively meet multi territory tax compliance and gaming regulations.

#Meridfianbet alone:

*Grew rev from $93,000,000 to $106,000,000 YOY yet their AI platform ATLAS only completed rollout in March 2024.
*One of few with INDUSTRY leading disruptive AI Tech that has huge adoption rate.
*Experiencing Rapidly growth.
*Profitable for several decades.
*Built with ZERO debt -  unheard of in the industry.
*One of the 5% that has it's own disruptive tech.
*Operates in 18-20 Countries
*One of few to get a Definitive Federal Brazil Gaming Lic for Sportsbetting and igaming.
*B2B most recent US/Canada and entrance into several other new markets.
*Operates over 700 Retail "Betshop" franchises.

#Meridanbet is one of the most reputable and established small-cap companies in the gaming sector with a very low risk profile. Few companies management teams actually do what they say they will do - and it takes years of time and patience to witness execution and the completion of milestones.

I have watched GMGI execute from a tiny OTC "white label" gaming company making $1 mil rev from a single rev stream (share price of  $14) to a NASDAQ traded powerhouse that now owns 6 global companies making $150 million rev / projected $200 mil 2025/26 (while spare price has been walked down to $2 by shorts on low volume/liquidity).

I believe GMGI is significantly undervalued in comparison to similar small companies on a large number of qualitative valuation metrics. The current SP is an exceptional entry opportunity with limited downside risk considering $30 mil in cash on hand, approximately $40 mil debt, leaving GMGI with a Debt Ratio of 1.8.

Like many young growing companies GMGI Meridianbet is using their revenue to grow market share. They have invested up front in the tech that allows them to scale faster in new regions. Large upfront cost like the 5 yr Brazil Lic near $6 million, one-offs from acquisitions, SBC, as well as debt interest have temporarily hit GMGI's bottom line net profit as GMGI Meridianbet end a transformative year. I see these as declining in the coming years.

GMGI #Meridianbet has just started to gain some visibility and is in the discovery stage. This is a 25 plus year story that is just beginning. The founders and insiders have no exit strategy and fully committed to relentless execution.

GMGI highlights:

*One of very few companies in the sector with bal sheet $30 mil cash on hand and 1.3 Debt Ratio.
*Global Diversity to insulated the company from Geopolitical unrest / USA recession fears.
*Largely Recession-proof sector that has online excelled in past Covid Crisis.
*Ability to scale globally with disruptive AI tech inc micro-betting and live-betting.
*Leadership teams / CEO's with decades of success in the industry.
*Now has 6 profitable, accretive, synergistic and rapidly growing companies.
*Now has 5 FOUNDER LEAD/INVOLVED companies GMGI/Meridianbet/ExpanseStudios/CFAC/RKings.
*Huge Insider/Founder ownership & Skin-In-The-Game.
*THE leader in Community Impact and Trust. CSR/ESG Leader.
*Still largely unknown with me doing the only deep dive on Social Media
*First few analysts with BUY rating at $3.50 - $4.50 Zacks/Maverick
*In an early sector growth theme with decades of global tailwinds.
*Global regional DATA to target cross-market existing and additional rev streams.
*Relatively Pre-institution at still under 3% ownership
*Multiple B2B & B2C Revenue Stream Security
*Multi Language, Multi Regulatory, Multi Region, Multi Language head start and moat.
*Exceptionally large insider buying - $23 mil since acquisition.
*Addition to Russel Index.

GMGI owns Expanse Studios:
*Expanse Studios Revenue is up over 174% YOY
*Player base is up over 120%
*Signed over 100 New Partners

GMGI owns RKings:
*Now #1 in Ireland/UK / Rev surged 24% YOY to $28,000,000

GMGI owns GM-AG:
*Wagering surged 84% FROM $2.55 Billion in 2023 to $4.7 Billion in 2024

GMGI owns MexPlay:
*MexPlay is still in infancy w/$1.8 mil in deposits as they roll out their AI and focus on Brazil.

GMGI owns CFAC:
*Recent cash positive acquisition set to double in 2025 and already set to surpass 2 mil orders in next few months.

Thesis Summary:

The Global Sportsbetting and igaming sector is very early and undergoing a massive transformative shift largely due to AI technology and Governments all over the world fast-tracking sportsbetting and i-gaming regulations for the tax revenue.

Meridianbet has a huge head start, competitive advantage, proven leaders, and boasts a fiscally conservative balance sheet. They just rolled out their 5th Gen AI platform "ATLAS" that has required over a decade of time, substantial capital resources and 100's of programmers to develop. Their transformation as an emerging AI/Tech leader will help to reshape and personalize the entire industry in the next few years an every players account will be completely customized and personalized to their own behaviors and preferences.

Meridianbet's recent definitive Federal Brazil Gaming Lic will be a huge opportunity and market. As Brazil shutters over 5000 illegal gambling websites, Meridanbet is set to take full advantage as they are already familiar with he region and operating.

Here is a few links to recent interviews featuring GMGI and Meridianbet. If interested in investing or featuring Brian or Zoran for a podcast, interview, or general questions, reach out to Milan at:  [email protected]

I am somewhat of a small-cap sleuth, always looking for the next 1-10X multi-bagger.

I own GMGI. I am not an advisor. I am not in marketing. This is only my personal opinions and not investment advice.

Respectfully,
Mark Colin
602 295 6433

CITI TMT Global Conf Interview with Zoran:
https://t.co/i3wi8OeWTc

SportsBetting Boom MarketBeat interview:
https://t.co/zhnU2CG9WE

Recent Barchart Interview with Zoran and Brian:
https://t.co/tp2ZrO0kWl

$DKNG $PENN $GAMB $EVO $FLUT $MGM $BETZ $BRAG $EVVTY $BETS $CZR $RSI $HIMS $NVDA $AMZN $LVS $TSLA @GMGI_Official @StudiosExpanse @meridianbet_ofc $BTC $GOOGL $MSFT $META $MSTR $LUNR $HOOD $PLTR

[Dark Pool Pulse 📊 @DarkPoolPulse]

$LNZA continues to bring pain—even red today while the rest of the market moons.

I still believe in the long-term story and holding patiently as they hopefully transition from R&D to profitability.

[Dark Pool Pulse 📊 @DarkPoolPulse]

$GMGI traded ~4x its average volume on Friday.

Despite strong insider buying and the Brazil license news, the stock has remained flat.

I added ~5% to my position (currently 4% of portfolio).

[Dark Pool Pulse 📊 @DarkPoolPulse]

$QXO was flagged after some strong dark pool activity. Don't know much about this name, but would be worth taking a closer look.

Founded by Brad Jacobs, who has an insane 40+ year track record of building and scaling billion-dollar businesses. Jared Kushner sits on the board.

[Dark Pool Pulse 📊 @DarkPoolPulse]

$RCAT

cc: @ImJayClem

[Dark Pool Pulse 📊 @DarkPoolPulse]

$QUIK has caught my attention the most—I’ve started a long-term position (2% of portfolio) around $6.00.
Been on my radar for a while thanks to @pennycheck. Check out his detailed DD here: ⬇️

🔗 https://t.co/47WnZBq537

[⚽️📡 @pennycheck]

My Highest Conviction Long Term Stock for 2025 that I strongly feel will outperform in the coming year is $QUIK the company just flipped profitable and has numerous verticals making them poised for explosive growth.

$QUIK is the Only pure play for the emerging space war defense theme in 2025, specializing in radiation-hardened chips for satellites and defense applications.

Their main competitor just exited the market making them the stand alone industry leader in eFPGAs.

The weaponization of space is a sector and theme that is poised for massive growth in 2025
$QUIK also offers unique exposure to two other sectors that I strongly feel will be super themes in the coming yr

Post-Quantum Cryptography
Agentic AI

There is so much to unpack.
Below are the main points
I will be following up each of these points with longer in depth deep dive threads over the coming days so stay tuned.

✅ Strategic partnerships with key players including Honeywell Aerospace, Intel (18A USMAG Alliance), the Dept. Of Defense , Northrup Grumman, Blue Raven, BAE systems and Synopsys for tool integration

✅$QUIK main competitor for eFPGA FlexLogic was acquired for $1B last month by $ADI and ADI is going to discontinue external licensing of Flex Logix's IP, according to a report in the EE times and $QUIK is NOW THE SOLE PROVIDER of eFPGA IP for certain advanced nodes including Intel 18A and U.S. Military Aerospace and Government (USMAG) Alliance

CEO has confirmed on the most recent confrence call that this development is leading to increased inquiries from large companies and some talks are quickly in advanced stages

✅ Secured $33M in defense contracts to date from a potential $72M total, with Strategic Radiation Hardened FPGA program gaining momentum
(Note that $LAES stock recently 10Xed in a month because of their post quantum crypto offerings)

✅Post-quantum cryptography capabilities through Xiphera partnership, providing quantum-secure solutions for future defense needs recently validated by gov't agencies, completely off the radar and huge theme going forward. After 7 years of test Xipheria announced their xQlave Post quantum cryptogrpahy passed NIST PQC standards. A massive milestone to legitimize this post quantum technology which $QUIK is partnered with

✅Through their wholly owned subsidiary @SensiML building out cutting edge tools in generative AI and more importantly Agentic AI SensiML is incorporating AI agents and generative AI into their toolkit to enhance various aspects of edge AI development.
I strongly feel agentic AI will be super trend in 2025, and QUIK is uniquely positioned to capitalize on it.
@SensiML has recently partnered with several important companies including efabless and $ARM

✅Large contract that was originally expected in Q3 was pushed back to Q1 25' but this delay was due to "expanded scope" of the contract, this caused the mkt to "sell" what hurt their q3 projections but in reality was overall bullish and another big catalyst for Q1 25'

✅QUIK is now the largest supplier of eFPGAs and likely to benefit from reduced competition
IP works with secure foundries (Global Foundries, $SKYT, $INTC) used by the largest US defense contractors

✅ Currently profitable on non-GAAP basis with recent small raise complete; no additional fundraising needed in near future

✅Gross margins improving to 60-61%
Strong balance sheet with $1.47 cash per share

✅ High short interest at 17% (2.35M shares) could potentially trigger a short squeeze on positive catalysts

✅ Major revenue catalyst in Q1 2025 from mid-7 figure IP contract, contract was supposed to be filled in Q3 but was delayed due to widening the scope of the deal, plus strong $164M contract funnel which exceeds current mkt cap

✅ Jam Packed Clear catalyst timeline through 2025, including multiple revenue recognition events, contract completions, and new product launches

✅ Growing serviceable available market (SAM) of $422M with 9% CAGR, particularly in critical infrastructure and defense sectors

Below are the key points behind my conviction
There is so much to unpack here

I will be posting longer form in depth threads diving into all of these main points outlined above over the course of the week
so please bookmark this post and stay tuned.

[Dark Pool Pulse 📊 @DarkPoolPulse]

In what has mostly been a sea of red, here’s how the dark pool data looks for my watchlist over the last two weeks:

$DNA $LNZA $PLTR $QUIK

[Dark Pool Pulse 📊 @DarkPoolPulse]

I haven't seen the article but the opportunity in Brazil is huge. Basically it's unique since they are sports betting mad (mainly on soccer); but Brazilians have a massive interest in "gaming" too i.e. casino style games, so hopefully Mbet can capitalize on that. Lots of growth ahead aside from Brazil when you consider the likes of India, Japan (two HUGE gambling markets both exploring regulation) and others

[Dark Pool Pulse 📊 @DarkPoolPulse]

$SLE

Nothing to write home about; but big volume as you say on 04/03

[Jay Clem @ImJayClem]

@DarkPoolPulse Can you do SLE? Had unusual volume yesterday and apparently this morning too. Curious to see

[Dark Pool Pulse 📊 @DarkPoolPulse]

@MicroCapClub I'd recommend digging into and learning more about $GMGI! Exciting sports betting/gambling small cap with excellent managment and demonstrated history in their sector!

[Dark Pool Pulse 📊 @DarkPoolPulse]

Hard to visualize with that huge volume day on 19/02. $GMGI is one stock that I buy/continue to hold regardless of what the dark pool data suggests. I've taken a deeper dive into the company, CEO etc. and am confident they have a successful future ahead. It is currently 5% of my portfolio and not too bothered about short term price action 👍

[Dark Pool Pulse 📊 @DarkPoolPulse]

$GMGI

[реформски капацитети @pethiljadasto]

@DarkPoolPulse Anything new about GMGI?

[Dark Pool Pulse 📊 @DarkPoolPulse]

@kingtutcap

[Dark Pool Pulse 📊 @DarkPoolPulse]

Dip getting scooped up on $LNZA with high volume. Takeoff soon or more pain ahead?

[Dark Pool Pulse 📊 @DarkPoolPulse]

@ImJayClem Sure thing - apologies for the delay; been away!

[Dark Pool Pulse 📊 @DarkPoolPulse]

$INTC

[Ozymandia$$$ @bueee_ni]

@DarkPoolPulse Hi, can i ask you for INTC darkpool view?

[Dark Pool Pulse 📊 @DarkPoolPulse]

@bueee_ni Hi mate, sure - sorry for the delay; was on holiday!

[Dark Pool Pulse 📊 @DarkPoolPulse]

Dark Pool Roundup: New metrics in the dashboard! 📊
- Net Buy %: Now more mathematically sound for comparing strong buying/selling.
- RelVol: Tracks x-day avg volume vs. 28-day avg, great for spotting spikes.
- DP Skew: A weighted score of Net Buy % & RelVol—higher = bullish.