An emerging leader in the eSports market, GGTOOR Inc (OTCMKTS:GTOR) on September 13, 2022, announced updating two of the purchase commitments for the Metaverse plot sales.
On Tuesday, GTOR stock slid 5.71% to $0.0198 with more than 1 million shares, compared to its average volume of 2.19 million shares. The stock moved within a range of $0.0190 – 0.0218 after opening trading at $0.0210.
GGTOOR, Inc., (OTCMKTS:GTOR) Announces Management Report for the Weeks Ended September 3rd and 10th, 2022
The first one, Nerdland has requested a 15-day extension, allowed as per the original purchase agreement. GGToor is confident that it will be completing financing in the coming days and successful closing will happen before the end of September.
BITM Inc, Ballin’ In The Metaverse, which is headed by famed RJ White, has a number of funding options. It has still requested for one and a half month extension as it is restructuring the management team for accommodating plans.
GGToor’s management is negotiating with BITM and is considering an expanded role in BITM. GGToor management believes that it can become a billion-dollar revenue business. The final closing is scheduled before October 31, 2022. Management will be updating shareholders on the expanded role in some weeks.
GGToor Inc. CEO John V Whitman Jr said that the firm’s Metaverse expected closings are unexpectedly celebrated as financing has been quick and efficient for both the Companies. He added that this will result in millions of revenue and the expanded business plans will make some days of delayed closings worth the short extensions.
Whitman also added that the firm would express gratitude to more than 300 shareholders by offering condolences over the loss of mother-in-law, Josephine Britt.
GGToor Inc. CEO John V Whitman Jr. had this to say, “Our Metaverse expected closings, although extended, are unexpectedly celebrated because financing has been swift and efficient for both Companies and because of the expanded business models of both Companies, expanding business models will result in additional millions of visitors GGTOORCITY. Their expanded business plans will make the few days of delayed closings well worth the short extensions. I would also like to thank the over 300 shareholders who took time to write to me offering condolences over the loss of my dear mother-in-law, Josephine Britt. She was a remarkable lady whom I dearly loved and will miss.”
GTOR stock is trading below the 20-Day and 50-Day Moving averages of $0.0226 and $0.0257 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0256. The company has a total market capitalization of $19k.