Aspiring to become a renowned eSports leader, GGtoor, Inc. (OTC: GTOR) is capitalizing on the industry with Pokemon, Yu-Gi-Oh!, and Clash of Clans tournaments. Through its subsidiary – Shadow Gaming, GTOR focuses on creating gaming opportunities for eSports enthusiasts around the world. With the company venturing into the metaverse through a $100 million deal, GTOR is quickly climbing investors’ watchlists as one of the penny stocks to watch this month.
GTOR Stock News
Even though COVID-19 negatively affected hundreds of industries, the online gaming sector saw immense growth the past couple of years as a result of lockdowns. With this in mind, last June GTOR formerly known as Sports Venues of Florida, Inc. changed its name to reflect its new direction in the eSports industry. Through Shadow Gaming, the company is dedicating its efforts to become the most comprehensive gaming portal out there. Currently, GTOR is upgrading its portal to provide a wide range of opportunities for players and organizers to empower and partner with them in organizing events and playing the games they love.
Ending the year on a high note, GTOR reported its 2021 highlights – notably exceeding shareholders’ projections. Throughout the year, the company held more than 120 tournaments with over 40 thousand players and 165 thousand Twitch viewers. With a massive database of over 24 thousand emails, GTOR managed to break its monthly record almost every month. In light of that success, the company’s social media presence grew drastically, the Twitter account has attracted more than 140 thousand visits and over 381 thousand impressions, whereas its discord membership increased from 1,600 members to 16 thousand members – a 1000% YOY growth in total.
On that note GTOR’s CEO – John V. Whitman Jr.- said that “there is nothing I love more than being forced to continually modify our projections upward because the growth of the business continues to exceed our expectations.” He also went on to add that the company is planning on pursuing various new revenue streams in the new year.
To keep up with its own success, GTOR embarked on 2022 with plans for uplisting and its entrance into the crypto and blockchain spheres. Already the company hired Accell Audit & Compliance to start auditing the company. Following the audit GTOR is planning to become a fully reporting public company trading on the OTCQB market. Additionally, it is expecting to launch its altcoin – GGcoin – to capitalize on this emerging sector.
Proving that its growth was not a fluke and that the company will continue to grow, GTOR announced it is actively searching for strong acquisition candidates that are likely to bring profits to the company. With eighteen events scheduled for each month of 2022, GTOR is planning on expanding its portfolio to eventually include every genre of online games. The company is also scouting locations to create in-person venues for its tournaments. This could prove to be a great investment as people seek out live events as the pandemic’s restrictions are lifted.
In its latest press release, the company hinted that it might be considering utilizing the gamification trend to enter the metaverse. However the company has not disclosed any information regarding this venture yet. Since GTOR is already operating in the eSports industry, some investors are speculating that it may be intending to acquire a company that owns land or property in an existing metaverse to facilitate its expansion.
The launch of an altcoin, hosting tournaments in person, and new acquisitions could all lead GTOR to a fruitful year ahead. All these plans are expected to create new revenue streams for the company which could help position GTOR to become one of the top eSports penny stocks to watch.
*Updated June 1st
Venturing into the metaverse, GTOR is emerging as one of the penny stocks to watch after signing a $100 million deal. GTOR has not disclosed much information regarding this deal yet, however, the company intends to launch GGTOORCITY in a metaverse on June 14th. This metaverse city will contain various businesses and corporations over 4,144 commercial and residential land plots. With GTOR expecting most buyers to be in the entertainment and gaming businesses, these land plots are expected to start selling from $8,400 while the largest plots will be offered for $28 million. In this way, GTOR stock could become one of the most profitable esports stocks in 2022.
To facilitate this deal, GTOR intends to utilize its blank check preferred shares in order not to dilute its shares. While GTOR has a qualified registration for Registration A shares, the company was not able to use these shares in the deal as these shares cannot be used for acquisitions. With the company planning to release more details about this deal on June 14th, many investors are expecting the PR to explain the structure of the deal and the name of the metaverse hosting GGTOORCITY.
The company needs two weeks to complete the links, bank accounts, as well as some minor details in the deal before sharing the metaverse’s site with shareholders. However, considering the potential of this venture, investors are adding GTOR stock to their watchlists as one of the penny stocks to watch this month.
This announcement comes days after GTOR shared its negotiations with a Netherlands based company operating in NFTs in its latest quarterly report. GTOR believes this deal will have a major impact on its balance sheet, which could set the company up for financial growth in 2022 as it generates revenues from the sale of land plots.
GTOR Stock Financials
According to its latest quarterly report, GTOR has $271.1 thousand in assets and $770.1 thousand in liabilities. The company reported $27.6 thousand in revenues with operating costs of $256.5 thousand. Based on this, GTOR had a net loss of $241.6 thousand – declining from $316 thousand in the same year-ago period. With this in mind, GTOR is well positioned to witness major growth in 2022 when its metaverse venture is launched.
@Shellhead_1 and @StockStar319 are bullish on GTOR’s new deal and its lack of dilution
Currently trading at $.0394, GTOR has supports at .0372 and .0273. GTOR also shows resistances at .0472 and .0676. Following the news of its $100 million deal, GTOR stock witnessed 40 times its average trading volume – leading the stock to soar by as much as 137%. Since the company intends to release more updates on this major deal on June 14th, GTOR is one of the penny stocks to watch for another 100% run.
Accumulation witnessed a major upward trend on news of the $100 million deal. Similarly, the MACD is bullish to the upside. Meanwhile, the RSI cooled off from 79 to 64 indicating the stock is still slightly overbought. As the stock cools off from its run, investors could take a position close to its supports in anticipation of its announcement in June. As is, GTOR has an OS of 209 million and although the float is out of date, it is expected to be close to its number of unrestricted shares which are 100.1 million.
GTOR Stock Forecast
Reporting continuous growth and higher numbers each month, GTOR is definitely a company to watch out for in 2022. It’s worth noting that the company is especially communicative as it releases weekly updates regarding its operations. Keeping in mind that the eSports industry is projected to reach over $1.6 billion within the next two years, GTOR’s long-term investors could profit in the long-run from this investment.
Given that GTOR is expanding in the metaverse with its $100 million deal, the company appears to be in a prime position to achieve substantial growth in 2022. As investors anticipate more details about this deal on June 14th, GTOR is one of the esports penny stocks to watch closely this month.
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