Business
Sports Venues of Florida (OTCMKTS: BTHR) Releases Management Report for the Week Ended May 8, 2021
Sports Venues of Florida (OTCMKTS: BTHR) Releases Management Report for the Week Ended May 8, 2021.
About this update from Ggtoor Inc.
[{"type":"text","content":"\n THOMASVILLE, GEORGIA, May 11, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Sports Venues of Florida, Inc., (OTCMKTS: BTHR) (“Sports Venues of Florida”, “BTHR”, or the “Company”), an emerging leader in the youth sports, family sports entertainment, and eSports markets, announces its fiscal year end is May 31 and the purpose of this weekly report is to recap the year, so shareholders get a clear picture of what has transpired over the past twelve months. January 1, 2020, the Company had plans to construct a youth sports and family entertainment complex under the parent corporation, Sports Venues of Florida, Inc. Management had spent the previous two years developing a plan and searching for the capital necessary to begin implementing its business plan. Our plan called for the acquisition of 80 to 300 acres of land along the I-4 corridor between Tampa and Orlando, Florida. The Company needed to find equity investors that would contribute between $76 & $190 million to complete its first complex. Management went down many paths to raise the capital, some dark, some promising and some utterly a waste of time. Nevertheless, by January 2020, management had filed a form 1-A with the Securities and Exchange Commission that once qualified would provide a mechanism to start raising small amounts of capital. It was not the optimum choice but at the time, it was the only path that seemed attainable. On January 13, 2020, the SEC qualified the Company’s 1-A and for the first time in years, the Company had a path at which to start gaining traction toward implementing its business model. Management’s euphoria was short lived; the first cases of COVID-19 were detected in the United States in February 2020 and that changed everything. The few legitimate funding sources we were talking to, stopped returning our calls. Management came to the realization by mid-February 2020, it had to reinvent the Company or simply give up and let it die.  Management fought to reinvent the Company and it chose eSports as the market segment that would provide the perfect business model to start from scratch. The only thing we knew about eSports was it was growing rapidly, and the cost of entry seemed affordable. Step One; was to find a person who had the talent, drive, and determination to spearhead the ...