GGTOOR Inc.’s (OTCMKTS:GTOR) CEO John V Whitman Jr. has received an update from Chris Hiestand, managing director of Accell Audit and Compliance, the company’s independent auditors. The company is doing great business – it attracted over 1,100 player registrations and crowned 7 new champions this past week. It conducted its first tournament for the recently released new game, YGO Cross Duel, and returned Garena Free Fire back to the roster after several months off rotation, and the community took note, with 484 player registrations to this game alone!
On Tuesday, GTOR stock moved down 16.34% to $0.0128 with more than 2.60 million shares, compared to its average volume of 1.75 million shares. The stock moved within a range of $0.0122 – 0.0153 after opening trading at $0.0153.
GGTOOR, Inc. (OTCMKTS:GTOR) Announces Management Report for the Week Ended September 17, 2022
RJ White, founder and Chairman of Ballin’ In The Metaverse (BITM), has let GGTOOR know that they have not been able to secure acceptable financing to complete its purchase of a parcel in GGTOORCITY valued at $1.8 million. The contact between the two companies has been terminated due to their inability to secure funding.
Ms. White informed the company this decision was more of a legal move she had to make to protect Ballin’ In The Metaverse from future litigation involving the termination of BITM President, Cory Warfield. She has emphasized that her commitment remains strong to keep attempting to purchase a parcel in GGTOORCITY, but as of now, she is focused on restructuring BITM
Nerdland is progressing with its funding. A Zoom call is scheduled with Nerdland’s funder on September 20, 2022, at 10:00 am EST, with management from GGToor, and numerous other vendors that will be major contributors to the success of Nerdland. Management of Nerdland is confident this important call is one of the final steps before a closing will take place.
GTOR stock is trading below the 20-Day and 50-Day Moving averages of $0.0198 and $0.0244 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0253. The company has a total market capitalization of $12.8K.