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GGTOOR, Inc., (OTCMKTS:GTOR) Announces Buyer for Last Reg A Sale for 2,272,727 Defaulted, Shares Remain in Treasury
GGTOOR, Inc., (OTCMKTS:GTOR) Announces Buyer for Last Reg A Sale for 2,272,727 Defaulted, Shares Remain in Treasury.
About this update from Ggtoor Inc.
[{"type":"text","content":"\n THOMASVILLE, GA, Nov. 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – GGTOOR, Inc., (OTCMKTS:GTOR) (“GGTOOR, Inc.,”, “GTOR”, or the “Company”), an emerging leader in the eSports markets, announces the buyer for the last sale the Company agreed to make in the amount of 2,272,727 shares defaulted on payment. The Company terminated the sale, and those shares remain in treasury. This canceled sale means that the Company only sold 31,171,790 shares in its recent terminated Regulation A Registration not the 33,444,517 reported when the Company filed the 1-Z terminating the registration.  Nerdland LLC., financing is progressing nicely and although a closing date has not been provided by the lender. Nerdland assets are being appraised and evaluated and the value of those assets will be the most critical aspect of the final approval from the lender. The Company can confirm the lender really loves the Nerdland project and they are committed to do everything within their underwriting guidelines to close Nerdland’s financing. The Company can announce interest in its commercial parcels of virtual land in GGTOORCITY has slowed but the few customers who have expressed serious interest are moving forward. The Company expects to announce at least one sale soon. The Company has not been affected by the recent FTX collapse and it has no business, accounts, dealings, or interactions with FTX, Sam Bankman-Fried or any of the 130+- companies tied to FTX. The Company remains positive about the future of Crypto but is moving very slowly and cautiously and for the foreseeable future will only accept USD in exchange for its goods and services.   GGToor has received a verbal commitment that its funding is going to happen, and it is expecting final terms and conditions any day. A closing before the end of November is highly probable. The Company will share terms of its funding commitment with the public once it has accepted and all agreements have been executed by the parties. The Company’s tournament division enjoyed another week of solid results, with every event exceeding projection. Most notably, the Blood Bowl 2 event saw over 200 player registrations, representing a 60% increase over the prior event! The community rallied to support the event with Point-of-View streams abound, at...