$BTHR 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 path to profitability and explanation of last week’s dismal stock performance.
Last week either a single shareholder or a combination of two shareholders sold 500,000 shares at the bid. The Company has very respectful volume, but those two transactions placed undue pressure on the stock, which caused an avalanche resulting in the loss of approximately 40% of our share price. The Company will rebound quickly, but anytime sellers hit the bid with that number of shares it will have devastating short-term results. The Company has no clue who this person(s) was or what may have motivated them to make the decision to sell. We can only speculate, and it is our assumption this person got frustrated with our progress and made the decision to move on. With that said, the thought occurred to management we needed to do a better job of explaining our path to profitability and when shareholders should expect the Company to reap the rewards of the months of building that has been taking place.
To achieve critical mass in terms of attracting sponsorship and advertising dollars, the Company needs participants, subscribers, and followers. The Company holds several tournaments per month with one simple goal in mind, which is to attract gamers who will become dedicated followers of our platform. When the Company started holding tournaments only ten truly short months ago, the Company literally had zero gamers, followers, name recognition; in short, the Company had nothing. The Company’s goal from day one has been to reach the magic 10,000. We define the magic 10,000 as 10,000 actual participants/gamers who have joined our platform and provided information about themselves to us. The Company likens itself to Facebook or Twitter in the early years. Facebook and Twitter became dominant players because after years and years of developing a following, they reached a critical mass of subscribers that got the attention of corporations who could not ignore the value in spending advertising to reach their customer base directly.
The Company, your Company, has surpassed the halfway mark toward reaching the magic 10,000. What makes this accomplishment so incredible is the incredibly short period of time that the Company reached this mark. What is even more important for shareholders to understand is reaching the magic 10,000 from this point is expected to happen prior to year’s end. It is critically important shareholders understand the Company is just months away from reaching critical mass. Once the Company reaches the magic 10,000 it will be like a locomotive traveling down a mountain. The Company will reach a momentum that will be exceedingly difficult to stop its forward progress. Investors who are patient and who grasp the momentum of this Company are the ones who will reap the long-term benefit. It is our hope the next time the Company issues a press release, and it announces last week’s tournament attracted 340 participants, shareholders rejoice instead of taking the attitude that a measly 340 participants does not matter. It matters! Every participant the Company attracts gets us one step closer to the magic 10,000 and beyond!
It is full steam ahead for the eSports industry and GGToor, which is showing no sign of slowing down. The explosive growth of eSports continuously attracts venture capitalists and investors, generating revenue and ensuring the flow of money through several avenues. The Company is ready for the explosion that is happening right now in the industry.
eSports has gone beyond gaming events—today, it shares the spotlight with commerce and branding opportunities, powering explosions in investments and revenue. The pop-culturalization of eSports has helped power the explosions in eSports investment and revenue. Aside from viewership, sponsorship and advertising have contributed largely to the growing market of eSports, with venture capitalists and private equity firms bringing in investments to stratospheric levels.
Sports Venues of Florida real estate team is actively looking for opportunities to create, buy or build an eSports venue from 3,000 to 20,000+ square foot facility for events and eSports training in the Central Florida area. These facilities are for individuals and entities that share the common goal of providing greater opportunity for passionate gamers.
Last weekend our World of Tanks event drew around 300 registrations, with the Top 8 action streamed in multiple languages, and this weekend, we have partnered with DLE to present the Yu-Gi-Oh Duel Links Showdown #2 which drew 494 registrations! We finalized our next Pokemon:TCG Online event for the weekend of April 17th, and with the new "Battle Styles" set now becoming legal in the meta, we expect to see a tremendous growth in the number of players joining us for this highly anticipated tournament. Our discord membership (which is different than total participants that account toward the magic 10,000) continues to show extremely strong growth, after hitting the 3,000-member milestone just last week, we have now already passed the 3,500-member mark, growing 45% in the month of March!
Beyond continuing to work on tournament scheduling, including 2 new games to launch in May, a reasonable amount of behind the scenes work is also happening this week: gathering discord membership and other data, working to update discord roles and channels alongside the usual ongoing updates, and reviewing the Ggtoor.com website UI updates that will go live next week.
