Please read the most recent press release, dated May 31st. As you will see, when the final deal was executed, there was no dilution. I understand the May 24th release clearly stated that, but in the final consummation, the CEO elected not to do that!
via NewMediaWire - GGTOOR, Inc., (OTCMKTS:GTOR) ("GGTOOR, Inc.,", "GTOR", or the "Company"), an emerging leader in the eSports markets, announces the Company has successfully signed a deal valued at over $100,000,000. On June 14, 2022, the Company will launch GGTOORCITY in a Metaverse. GGTOORCITY will be comprised of 2,145 commercial parcels of land in the Metaverse that will produce a total of 4,144 commercial and residential parcels. GGTOORCITY will be an entire Metaverse City made up of businesses and corporations across a variety of sectors. The Company expects the majority of buyers will be in the entertainment, retail, or gaming businesses. Parcels can be purchased starting June 14, 2022, using the world's top Crypto Currencies and prices will start at $8,400 with the largest parcels priced at $28,000,000 each.
The deal is being paid for by utilizing the Company's blank check preferred stock. By using blank check preferred stock to fund this massive purchase, the Company will not dilute shareholders
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