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$GTOR Audits Nearing Completion and Auditors Hint of $102,300,000 Virtual Property Purchase Remaining an Asset
https://pbs.twimg.com/media/Fbfyz0LXkAIkE-f?format=jpg&name=small
Nice fine!
These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections as well as our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances.
#Metaverse trending on twitter !
METAVERSE ARCHITECTURE
https://hommes.studio/journal/what-is-metaverse-architecture/
Thanks for that Twitter post link, but those posts are just repeats of the 'auditors hint' that they might allow GTOR to keep its unsold parcels on their books as assets.
It could just as easily be taken as a 'hint' that the auditors might NOT allow that, particularly if the deal in progress falls through.
GTOR and its cheerleaders have gone from 'wow, look at all that money' with back-slaps and high-fives all around -- with selling into the pump -- to 'well, you know ... there's a hint that that book-keeping trick might end up in GTOR's favor' -- with trading, at best, sideways.
Some interesting posts! GLTA https://mobile.twitter.com/search?q=%24GTOR&src=typed_query&f=live
Stop watching so many movies.
From someone raised in BKLYN NY "Its always Personal. Dont ever think otherwise."
LoL
At least Mr. Trump knows how to make deals!
JW does NOT !!
His past proves it over and over!
All smoke and BS with JW
Trump 2020
It's nothing personal, it's just business.
Donald Trump business quotes :
Yes - that's when the cheerleaders come out in force.
In the meantime, looks like this is heading to the prime loading zone under .02.
I guess everyone waiting on JOHN to put out his weekly BS.
Great questions which there's no way to know the answers to.
You can see from today's trade table that trades early in the day were in the .026x's and ..025x's, but by the end of the day, there were many trades (recorded as sells) in the .023x's and .022x's.
Since the price slide wasn't huge (into the .01x's), which hasn't happened for a while, selling apparently isn't whole-sale dumping, but seems to be either small-money flipping or strategic selling (maybe by market makers) to keep the price down -- not that there is huge buying pressure, as the company really hasn't released any news to inspire earnest and honest buying.
One other thing I noticed was: Although most of the BID and ASK amounts throughout the day were in 10K amounts of shares (or low 10K multiples), near the end of the day suddenly there were 200K amounts on the BID and ASK. I'll bet that was a fake amount on the ASK, and a genuine amount on the BID.
And why?
Who is buying?
There seems to be a persistent effort to keep this trading in the mid-to-low .02x's, with a series of sells making sure that buying doesn't push this over .026.
Things are slowly moving in the right direct... I think we are going to see this move real soon. Catch you tomorrow.
Close that $7.2 million with Nerdland and we 2x in a day.....
I personally think it's a done deal.....just IMHO though.
NERDLAND --> StarsLand
Contact the A-list celebrities please, Paris Hilton picked Sandbox simply because TCG is not there yet, one of the initial use of the web is Info (which Stars want to show) and Metaverse just make it 3D, nothing complicated. Whether nfts.com/ is really worth $15 million or not, NFTs are in demand ( NIKE NFT revenues > 185 million, Paris just has one listed for a million ) ...
I really have no idea.
Thanks (again) for the reply.
Paris Hilton lol
Crypto lol
People change lol
Not John!!! he will never change!
He character says it all!
Smoke and Mirrors!!
Yep, and then we soar.....
Odds are against this IMO.
JW knows already.
S&M R&R
Same game different name and day!
Pac-Man .. gobble gobble
Maverick
Thanks for the quotes. My concern is this:
"if they [Nerdland LLC] fail to pay, it will be much more difficult for the auditors to leave the asset on the balance sheet."
What sort of checking (=due diligence) did GTOR do about Nerdland LLC to ensure they have the ability to pay and have proved in the past that they go through with their deals?
Another irony is how cash-poor GTOR itself is. All of their 'buys' of those assets are in preferred shares, or promissory notes, which will be as good as Monopoly money if they don't succeed in selling those assets for real cash.
Chris Hiestand, CPA, owner of Accell Audit and Compliance of Tampa, Florida, had this to say about leaving the $102,300,000 purchase of virtual property in TCG.World on the balance sheet as an asset: “As I mentioned, Meta, along with Crypto and Cannabis, is considered a high-risk industry, from the regulators anyway, and is under heavy scrutiny from the SEC. I believe the transaction you sent us a couple of days ago, the $7.2 Million Nerdland LLC transaction, calls for settlement within 30 days. Since that is the largest and most significant transaction, we would like to see them complete the purchase by making payment before we make a final decision to sign off that we will support the $100+ million remaining as an asset on May 31, 2022, year end. Based on what we know today, we are inclined to support the $102,300,000 purchase remaining as an asset. We should be able to get wrapped up the last week of August or so and plan to issue the audit no later than September 16, 2022, assuming the above transaction settles by then.”
John V Whitman Jr., GGToor CEO, had this to say, “I knew from the start that the auditors would have a challenging time allowing the Company to book our purchase of virtual property as an asset. Accell has done a significant amount of research and has discovered many sales that support the price GGToor paid for the virtual properties, however they have not confirmed the asset will remain although they have said they agree with Tom Bellante, GGToor’s CFO and A-Frame Accounting; so far they have found no reason that it would not remain an asset. If Nerdland LLC. renders payment of $7.2 million, the likelihood is the $102,300,000 remains on the books as an asset; if they fail to pay, it will be much more difficult for the auditors to leave the asset on the balance sheet. I am sure shareholders and those eagerly waiting on this information will be satisfied and anxious as we all wait for Nerdland LLC. to meet their obligation.”
This week, the Company offered four events. The Company’s monthly events for Magic: the Gathering arena and Legends of Runeterra, along with the next event in our regular series for Super Smash Brothers Ultimate and Yu-Gi-Oh! Duel Links - saw 50 more people register for this weekend's event compared to the last in the series- and we expect to see numbers continue to grow for future events!
Thanks for the link. Is that the 'big news' that was supposed to come out last week?
In any case, the 'hint' also has an obvious flip-side, that the auditors may doubt that the assets are really worth as much as was claimed. The need for the parcel buyer to actually give GTOR real money looks like an issue.
Is GTOR also listing its naming rights as an asset?
big news GGTOOR, Inc. (OTCMKTS:GTOR) Announces Audits Nearing Completion and Auditors Hint of $102,300,000 Virtual Property Purchase Remaining an Asset
Press Release | https://www.globenewswire.com/news-release/2022/08/23/2503017/0/en/GGTOOR-Inc-OTCMKTS-GTOR-Announces-Audits-Nearing-Completion-and-Auditors-Hint-of-102-300-000-Virtual-Property-Purchase-Remaining-an-Asset.html
Ha! - someone nibbled at that 200K block on the ASK by NITE @.025, and NITE backed off, currently sitting on the ASK with 30K @.0271
200K run blocker by NITE on the ASK @.025 -- which is currently about as much total volume there's been for the entire day (of mostly sells).
Why would they bother with such a stunt, as this stock is obviously not going to run today?
All sells today (though not much volume to speak of).
I share the same sentiment. Have a great weekend.
Upside volume will come...
In the meantime, just picking away at cheap shares knowing dilution is done for a long time. Love these plays backed by real numbers and massive potential.
Today there are no huge road-blocks on the ASK, but there's no volume. Funny that.
Yes Sir!
Our daily share count has been around 2M shares. To see us at 3.5M with no news is a VERY good sign.
We should continue to climb for the next few weeks IMHO. A slow climb ahead of the closing would play well here for the longs.
Buy them under 3 while you can...LOL
thin like lizzy and moves on air...news hits its GONE
Totally agree my friend.
I have a good feeling here...LOL
Looks ready and no more overhang in the future with that $7.2 million contract....
Golden adds under .03
Count on it my friend.
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Mission Statement: To create opportunities for enthusiasts in esports by empowering and partnering with them to organize events and play the game they love.
Shadow Gaming is a wholly-owned subsidiary of GGtoor, Inc., (OTCMKTS: GTOR) (“GGtoor”, “GTOR”, or the “Company”), an emerging leader in the youth sports, family sports entertainment, and eSports markets. The company, through its wholly-owned subsidiary, has aggressively entered the eSports market. Our vision is to create a portal for players, organizers, and leagues a place for the eSports lovers. The global gaming industry has been developing at a fast pace in recent years. With all that Shadow gaming is getting ready to be part of the exponential growth of the industry.
We have created an interactive website that will provide an array of different options allowing self-registration for players, organizers, and leagues to compete on all scheduled events. Each registrant will have their administration panel, the ability to update their profile, and to see their stats and competitor’s stats scorecard in real-time. Organizers can set up events for games and submit them to us for approval based on our requirements.
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