GGTOOR INC - GTOR STOCK NEWS

GGTOOR, Inc. (OTCMKTS:GTOR) announced the termination of a sale of 2,272,727 shares due to a buyer default, resulting in a total sale of 31,171,790 shares instead of the reported 33,444,517. Financing for Nerdland LLC is progressing, as the lender appreciates the project, looking for asset appraisal completion. Interest in virtual land parcels in GGTOORCITY has slowed, yet potential sales are expected soon. The company remains unaffected by the FTX collapse and is proceeding cautiously in crypto dealings, now accepting only USD. Tournament results remain strong, with a notable 60% increase in player registrations for a recent event.

GGTOOR, Inc. (OTCMKTS: GTOR) has announced the formation of GGToor Media Network Inc., set to launch within 90 days. This 24-hour live broadcast network will focus on gaming, web3, and emerging technologies. Initially broadcasting on platforms like Twitch and YouTube, it aims to be a primary source for gaming news. The company is also building studios in Orlando, San Paulo, and Seoul, with plans to hire 25 new employees. October 2022 saw over 5,600 player registrations across 30 events, breaking company records.

GGTOOR, Inc. (OTCMKTS:GTOR) has announced that Steven Zacharias, founder of Nerdland, will contribute his assets valued between $10 and $20 million to secure a loan for Nerdland LLC. This pledge includes scripts, character rights, and royalties. The appraisal process is in progress as a final step in underwriting. In October, GGTOOR achieved significant engagement with over 2,000 player registrations across nine tournaments, showcasing a strong growth trend, particularly in events like Smash Brothers Ultimate (28% increase) and Pokemon Unite (37% increase).

GGTOOR, Inc. (OTCMKTS:GTOR) has voluntarily terminated its Regulation A Registration as of October 20, 2022. The company reported having 241,291,152 common shares outstanding, with 131,350,886 shares in public float. Initially, 187,500,000 shares were to be sold, but only 33,444,517 shares were sold at prices ranging from $0.011 to $0.022. CEO John V Whitman Jr. emphasized that this decision aims to reduce shareholder dilution and enhance confidence among investors as the company seeks growth through revenue and debt.

GGTOOR, Inc. (OTCMKTS:GTOR) recently announced a revised agreement regarding its acquisition of Nerdland, maintaining a purchase price of $7.2 million. The company will receive $2.4 million at closing, with the remaining $4.8 million payable in equal installments over three years. John V. Whitman Jr. will mentor Nerdland's management, and Jake Fine is appointed as CEO. The agreement secures GGTOOR's ownership of Nerdland in case of financing failure. This strategic move aims to enhance the chances of financing success while improving shareholder value.

GGTOOR, Inc. (OTCMKTS: GTOR) announced a significant milestone with over 1,200 player registrations across six competitions. Notably, the Garena Free Fire tournament attracted 124 additional players compared to the previous event, while Clash Royale accounted for nearly 300 registrations. The company plans to increase mobile game events to 40% of its lineup, reflecting trends in gamer preferences. Additionally, GGTOOR is strategically moving into the Metaverse, having purchased 4,144 virtual land parcels to establish GGTOORCITY, enhancing its eSports engagement and event hosting capabilities.

GGTOOR, Inc. (OTCMKTS:GTOR) announced significant growth in player registrations, surpassing 82,000 unique players, up from 70,000. With approximately 40,000 new players in 2022, the company boasts a 40/60 ratio of new to repeat players. The anticipated closing of the Nerdland acquisition is projected to bring in $7.2 million by the end of October. Additionally, GGToor is expanding into Web3 and Metaverse businesses and launching the GGToor Media Network, showcasing substantial increases in viewership across its content platforms.

GGTOOR, Inc. (OTCMKTS:GTOR) announced an extension for funding regarding its significant deal with Nerdland, expecting to finalize it by October 10, 2022. Despite delays in the audit process from Accell Audit and Compliance, GGTOOR is in discussions with several audit firms following SEC guidance on a $102.3 million virtual land asset. The company reported a 35% increase in player registrations and hosted 24 gaming events in September, alongside the successful 'Victory Road World Cup of Pokemon VGC'. CEO John V Whitman Jr. maintains significant share ownership and reinforces a commitment to the company and its investors.

GGTOOR, Inc. (GTOR) reports 2,555 player registrations across eight events, including the significant Victory Road World Cup 2022, which attracted 661 participants and featured a $5,000 prize pool. The company has focused on expanding its player base and now plans to host over 30 competitions in October 2022. GGToor aims to enhance its presence in the Metaverse with GGToor Arena, increasing daily tournaments from 5-6 to 30. A partnership with Purpleant.io aims to secure insurance for its Metaverse projects, addressing risks in a rapidly growing digital landscape.