Business
GGTOOR, Inc., (OTCMKTS:GTOR) Announces Management Report for the Week Ended May 21, 2022
GGTOOR, Inc., (OTCMKTS:GTOR) Announces Management Report for the Week Ended May 21, 2022.
About this update from Ggtoor Inc.
[{"type":"text","content":"\n Deal Remains Highly Probable THOMASVILLE, GA, May 24, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- GGTOOR, Inc., (OTCMKTS:GTOR) (“GGTOOR, Inc.”, “GTOR”, or the “Company”), an emerging leader in the eSports markets, announces the Company has seen trading of its stock increase the past couple of days. The Company expects a major deal in the days to come but investors should always wait for an official announcement by the Company. There also seems to be confusion as to the Company’s most recent filing of a 1-A registration. Once qualified the 1-A will allow the Company to sell shares to accredited investors with the proceeds going to fund operations of the business. The Company’s CEO, John V. Whitman Jr., had this to say concerning the pending registration: “No one hates unnecessary dilution more than I do, however at this early stage of our corporate development dilution is critical. Without dilution it would be impossible to build a trading market for our securities. Investors demand trading volume and that can only happen if there are shares available to trade. An increase in share price is the reward for the Company delivering on its commitments. I firmly believe investors will reward the Company with increased share price as management delivers on its commitments.  As of 5/20/2022 there are only 101,179,096 shares in the public float with only 209,119,362 total issued and outstanding. I filed the registration as a mechanism to protect the Company and its shareholders in the event the anticipated deal is delayed or worst. It is no secret the Company’s revenues are not sufficient to fund operations and raising operating capital is required to sustain operations until the Company can become self-funded. With that said, shareholders should expect some additional dilution, however we will keep it to a bare minimum. I encourage investors, shareholders and interested persons to avoid the ‘Chat Room’ hype or the disparagement from these ‘Chat Rooms’ and allow management the time needed to successfully execute building its business. This is a marathon not a sprint and I encourage everyone to study the materials available and consult an investment professional before making an investment. Penny Stocks are ‘High Risk’ and cau...