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Ggtoor Inc (OTCMKTS: GTOR) Major Breakout Northbound as eSports Innovator closes $102,300,000 Metaverse Deal

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Ggtoor Inc (OTCMKTS: GTOR) is making an explosive move up the charts after the Thomasville, Georgia, eSports up and comer reported it has successfully closed a deal valued at $102,300,000. The Company believes this is the largest virtual land purchase in history surpassing a publicly announced purchase of $5,000,000 just two weeks ago. The combined parcels will be GGTOORCITY the first ever virtual city devoted to entertainment. When sold out the Company envisions hundreds of businesses in sports, music, gaming, movies, theater, dance, amusement parks, retail, concessions, all making up a virtual city where millions of daily visitors will work and play. 

The Company will be building an eSports Arena that will become one of the focal points of GGTOORCITY. Certain and specific parcels will go on sale Tuesday, June 14, 2022, at 9:00 AM EST with prices ranging from $375,000 to $28,000,000 per parcel. The less expensive city parcels with prices starting at $8,400 will be released for sale at a future date. Ggtoor also reported it will be holding a worldwide Zoom Call and all interested persons are encouraged to join the call. The Company’s CEO, John V. Whitman Jr., will be sharing details on the purchase along with disclosing what Metaverse GGTOORCITY will be a part of. The Zoom Call will be held June 14, 2022, at 9:00 AM EST. To enter the call please use the following coordinates; Meeting ID: 731 9683 4888, Passcode: Uk5N0Z https://us04web.zoom.us/j/73196834888?pwd=RgmLUh1B6MOPswoeQGwk7yPMgoI8NR.1 

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Ggtoor Inc (OTCMKTS: GTOR) is is an emerging leader in the eSports, youth sports, and family sports entertainment markets, a rapidly growing force in the global eSports space. The Company has expanded its Tournament Schedule in calendar Q4 2020 with the launch of its new Open Platform model, where users can establish and manage Shadow Gaming sponsored eSports events, with event organizers working to help boost the revenue stream generated by membership fees, advertising, ambassador program, studios, and the Shadow Gaming proprietary platform. Ggtoor, through its wholly owned subsidiary, Shadow Gaming, Inc., has aggressively entered the eSports market. In addition, the company plans on operating several subsidiary companies from high tech data management businesses to product and support businesses 

Microcapdaily was one of the first to report on GTOR on May 23 when GTOR was $0.015 in our article: “Ggtoor Inc (OTCMKTS: GTOR) Under Accumulation as eSports Co Sees Rapid Growth and Coming Deal 

We reported: Ggtoor Inc (OTCMKTS: GTOR) is under accumulation and moving higher in recent trading as volume picks up too and penny stock speculators jump on board. Ggtoor operates in the exciting eSports space and is experiencing rapid growth recently reporting the Company is on its way to a a record-breaking month. This week, the Apex Legends event kicked off a special 24-hour stream that drew over 10,000 unique viewers, the Yu-Gi-Oh. The stock has a very favorable share structure with just 209 million shares outstanding, 100 million of which are restricted leaving just 108 million free trading shares valued at a little over $2 million. GTOR does have a history of big moves and made a historic run in 2020 to over $1.25, since than the stock has had 2 more runs both in 2021, the first to $0.24 and the last one to $0.1638 highs. With a history like that it’s easy to get excited about GTOR currently trading near its historical lows. While the Company has little assets, they also have little debt of $700k. Revenues so far have been minimal at least as reported in the last OTC disclosure. Ggtoor has also submitted an LOI on a 15 million restricted share metaverse deal that management suggests may bring some more revenues to the Company.  

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GTOR

John V. Whitman Jr, the Company’s CEO owns 95.9 million shares representing 49.2% of the Company. Over the past 24 years, John has successfully raised just over 400 million dollars for public & private companies including over 20 million for his own public companies.  John has extensive financial contacts and is extremely well versed with SEC compliance issues and Sarbanes Oxley.  Over the past several years John has assisted 7 companies to go public directly and another 10 indirectly, raise capital and maintain compliance.  

There are now dozens of eSports event’s sponsored by GGToor, with great prize pools. Whilst many of these events can be found at https://ggtoor.com/tournaments with an average of eighteen events a month we are one of the platforms that have this many events every month. The Company has events in deferment categories such as First Person Shooter, Multiplayer Online Battle Arena (MOBA). Real-Time Strategy (RTS), Fighting, Sports, Card Games, Battle Royal, and a few more than the traditional e-sports genres, but have been very successful and popular with gamers.  

GTOR continues to see record growth: Another month, more records broken! This time, the Company reached new heights on Unique Twitch Viewership, tallying over 39,000 different people tuning in to watch one of our events during the course of May as the action unfolded live, and the number of tournaments hosted by GGTOOR was its largest count yet for a single month. May also saw a 39% increase in total player registrations compared to April, with over 1,600 new players competing in one of our events for their very first time, joining thousands of others that returned to play with us once again. 

As the Company began its first week of events in June, for the first time the Company had a Wild Rift tournament on the calendar and it was well received, drawing over 400 player registrations, and bringing the combined total of player registrations for the last week to over 1,200! The Company saw player registrations for the Pokemon TCG Online Gaard Guantlet tournament grow by 46% over the last event of this series, Hearthstone posted a 47% gain compared to the May event, and not to be outdone, Super Smash Brothers Ultimate posted a whopping 55% increase in player registrations for this week’s event! 

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Currently trading at a $9.4 million market valuation, GTOR has just $700k in total liabilities and trades and a low market valuation with just over $2 million in free trading shares. GTOR is making a major move northbound after the Company closed a metaverse deal valued at $102,300,000. The combined parcels will be GGTOORCITY the first ever virtual city devoted to entertainment. When sold out the Company envisions hundreds of businesses in sports, music, gaming, movies, theater, dance, amusement parks, retail, concessions, all making up a virtual city where millions of daily visitors will work and play. GTOR continues to see record growth along all channels recently reporting a 39% increase in total player registrations in May compared to April. Microcapdaily was one of the first to report on GTOR on May 23 when GTOR was $0.015 in our article: “Ggtoor Inc (OTCMKTS: GTOR) Under Accumulation as eSports Co Sees Rapid Growth and Coming Deal For more on GTOR subscribe to Microcapdialy right now. We will be updating on this stock. 

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Disclosure: we hold no position in GTOR either long or short and we have not been compensated for this article.

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HUMBL, Inc. (OTCMKTS: HMBL) Stock Price is on the Rise After a Series of Developments and New Product Releases

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HUMBL, Inc. (OTCMKTS: HMBL) is a company whose stock price has a tendency to be either very stable or make massive surges and drops. The company’s stock saw a massive surge in late 2020, which continued throughout January 2021, as well. After reaching its peak near $7 in early February 2021, the price started spiraling down.

The rest of 2021 was marked by price drops, which also continued into 2022. The situation finally took a positive turn in 2023, when the price reached its bottom on February 6th, sinking to $0.0073. After that, however, it suddenly spiked up, reaching $0.0184 on February 8th.

Unfortunately, the sudden spike was followed by a sharp drop, which started immediately after the price peaked. Several support levels that the price hit along the way slightly softened the fall, such as the ones at $0.013, $0.012, and $0.010. However, the HMBL price kept going further and further down until it dropped to levels that were not seen since November 2020.

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The price reached its two-year low on March 16th by sinking to $0.0058. Then, suddenly, it started heading up again with a new 24% surge which took it back up to $0.009. At the time of writing, the price has corrected to $0.0081.

screenshot-www.tradingview.com-2023.03.22-11_25_09

HUMBL, Inc. (OTCMKTS: HMBL) Has been busy in 2023 so far, which is why its price has started making attempts to recover after two years of constantly spiraling down. Granted, its attempts to go up were cut short, but the company has made some major moves. One possible reason why HUMBL saw its early February spike is an announcement of a new marketing program with Emerling-Gase Motorsports and Joey Gase. The new sponsorship deal was a big move for the company, as it will be advertised during the 2023 NASCAR XFINITY race at Daytona International Speedway. However, that was not the end of it. Only two days later, new reports emerged stating that HUMBL managed to reduce its debt by $10.8 million. In addition, it announced a strategic move to simplify operations and focus on core technology via a subsidiary spin-off of Tickeri.

Three days after that, the company also launched its HUMBL mobile wallet, and a month later, HUMBL Chat audio rooms also went live. This was the company’s attempt to take the next step in delving deeper in the Web3 revolution. HUMBL previously launched a variety of Web3 products, such as HUMBL Authentics, HUMBL Chat, the mentioned HUMBL Wallet, HUMBL Tickets, HUMBL Social, HUMBL Search Engine, and HUMBL Marketplace.

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On March 16th, reports also revealed the rollout of HUMBL’s new digital P2P and merchant payments system, launched across the Web3 platform, which allows users to make payments to verified peers using Ethereum, Polygon, or USD Coin. This is likely what caused the new price increase that HMBL has seen over the last few days, and while it was fairly short-lived, it still represented an opportunity for investors and a positive move for the company.

HUMBL, Inc. (OTCMKTS: HMBL) is a Web3 platform that features consumer and commercial divisions. The firm intends to integrate core product lines across its numerous products, including HUMBL Wallet, Search Engine, Social Media, Marketplace, Tickets, and Authentics. The company also deals in NFTs, and it even has its own metaverse. It also acts as a financial data transactions firm, with its platform connecting consumers and merchants in the digital economy. The company was quick to switch to new technologies after realizing their potential in its sector, particularly when it comes to various crypto and blockchain products mentioned above. These days, it offers its products and services to customers around the world.

The company’s CEO, Brian Foote, stated:

HUMBL is the first web3 platform in the world to deliver an integrated digital wallet, search engine, digital payments and a verified social media platform in one place. We believe that the global markets are going to move from traditional banking and middlemen services, to more inclusive digital wallets. Having verified users and merchants on HUMBL, is a natural way for customers around the world to find and send reliable peer payments and transactions between one another without a bank or middleman for verification, sending and settlement.”

HUMBL, Inc. (OTCMKTS: HMBL) is a company that has developed a wide range of Web3 services that have not yet caught the attention of the public. However, as crypto and blockchain adoption continues to expand and progress, the company’s time will come. After mass adoption hits, HUMBL will be ready to offer its products and possibly become one of the leaders in offering Web3 services that are simple to use for Web2 users. With that said, the firm might simply be ahead of the times, which would explain why its shares are currently so low. On the other hand, this represents a great opportunity for long-term investors who might conclude that HUMBL has great potential for the future. We will be updating HMBL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HMBL.

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Creatd, Inc. (OTCMKTS: CRTD) Stock Price Continues to Deteriorate as the Legal Battle with The Lind Partners, LLC Continues

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Creatd, Inc. (OTCMKTS: CRTD) share value continues to drop after a brief recovery in mid-March. The firm’s stock is still not at the lowest point it has ever been, but it is not too far off at this point. The lowest that the shares have gone was $0.0457, which is the point they reached on October 11th, 2022. After that, in the final months of the previous year, the stock price shot up, reaching $1.6941 per share on November 18th.

The last time when the shares reached this height was in February 2022. However, back then, the price was rapidly spiraling down from a much higher point. Unfortunately for the company and its investors, after reaching $1.6941 in November, the share price crashed in a sharp correction, sinking to $0.50 by the end of November.

CRTD found a strong support at this level, which allowed it to bounce back up to $0.90, which is where the company encountered a strong resistance. It kept bouncing back and forth between these two levels throughout December 2022 and January 2023. However, as time passed, the fluctuations were becoming smaller, as the price seemingly started achieving greater stability. Looking back now, however, it becomes clear that the volatility may have decreased, but the overall trend became bearish somewhere in mid-January.

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CRTD price was dropping again, and in the second half of February, it broke the support level at $0.50, sinking to $0.16 by February 27th. After briefly recovering in early March, the price went back up to $0.3, encountering a resistance here, as well, which pushed it back down to $0.1156 this time, which was on March 14th. In the last 48 hours, the price managed to recover a bit once more, sitting at $0.15 at the time of writing.

Creatd, Inc. (OTCMKTS CRTD) stock price continues to deteriorate as the legal battle with The Lind Partners, LLC continues

Creatd, Inc. (OTCMKTS: CRTD) stock has seen a rough performance over the last year, with only a brief period of recovery in November 2022. Other than that, the last 12 months were marked by nothing but price crashes triggered by various events that followed the company. In recent months — specifically in December — the company announced an upcoming merge with Global Tech Industries, albeit without disclosing the terms of the deal. After that, reports said that Global Tech Industries had decided to bid $100 million in stock in order to acquire Creatd. Creatd even halted any discussions with other potential acquirers for 30 days as part of the LOI. At the time, its CEO and Chairman, Jeremy Frommer, said:

There are two elements to this merger, fundamental and technical. The opportunity to advance the Creatd business model and scale revenues coupled with the unique technical position we find our two public companies in, is a momentous opportunity. At the time of closing of any proposed transaction, GTII share delivery to Creatd shareholders will only occur in instances of registered ownership with the transfer agent or DTC.

For a time, everything was going well for the company until February 24th, when reports emerged that Creatd had terminated the proposed acquisition discussions with Global Tech. This was what triggered the stock crash, as many were disappointed that the deal did not succeed.

Around that time, the company was also struggling with a potential illegal naked short selling, and it launched CEOBLOC to try and fight it. One positive development at the time was the fact that CRTD became available on Upstream, which marked the third issuer to dual-list their shares on Upstream’s blockchain-powered market.

https://twitter.com/UpstreamXchange/status/1625520006770618368

However, the stock was hit with another blow a week ago when Creatd released an update regarding its legal dispute with The Lind Partners, LLC, and the company’s affiliates. The dispute concerns a convertible promissory note that amounts to $900,000.

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According to Lind, Creatd breached certain representations and warranties in regard to the note. Lind demanded immediate repayment of the full amount, but Creatd instead decided to offer a number of alternatives. Lind refused to negotiate and Creatd filed a motion to dismiss. The company’s CEO said:

At this early stage, we are strictly trying to analyze data. There is more than enough evidence that there has been unusual trading in CRTD and it demands further investigation. To that end, we have asked legal counsel to look into filing multiple requests of trading records from market makers in CRTD stock. When and if the Company enters the discovery period in The Lind Partners, LLC case, any trading records related to The Lind Partners, LLC that were done with external broker dealers will also be analyzed.

Creatd, Inc. (OTCMKTS: CRTD) is a holding company that offers new economic opportunities to creators using partnerships and technology. The company’s goal is to empower creators and brands, and it claims that each of its companies shares a common mission — to create technologies and develop partnerships that would allow it to unlock new opportunities useful to entrepreneurs, brands, and creators, allowing them to also grow creatively, sustainably, as well as profitably.

For the moment, it appears that the situation is not the best for the company. It is in the middle of legal proceedings, its merger has failed, and its stock is one bad day away from reaching its all-time low. The chart above shows that CRTD is willing to grow and ready to jump on any opportunity, so the company still has a chance. Any piece of good news would likely send its stock to the path of recovery, which is why it is still worth keeping an eye on future developments. We will be updating on CRTD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CRTD.

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

Image by Sang Hyun Cho from Pixabay

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Is today’s surge in MMTec Inc (NASDAQ: MTC) justified ?

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MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 - $2.5299, with more than 2.98M shares exchanging hands.

MMTec, Inc. (NASDAQ: MTC) ended the day at $2.0700 with a gain of $0.5800 (+38.93%). The stock prices fluctuated between $1.4000 – $2.5299, with more than 2.98M shares exchanging hands.

So why did MTC surge today ?

The failure of Silicon Valley Bank led to a sell-off in equities and a shift to safe-haven assets, such as US Treasuries and gold. Markets have calmed down somewhat, and the worst of the equity sell-off seems to be over. However, the market anticipates that the markets will be somewhat uneasy until a better understanding of inflation is reached and what the Federal Reserve will do next week.

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Despite most investors currently avoiding the banking sector, Wall Street sees potential opportunities, particularly in regional banks. The chaos in the market has created opportunities in the industry and several banking stocks are being punished just for being a banking stock. The collapse of Silicon Valley Bank was due to its specialisation in venture-capital financing, which made it vulnerable to the higher interest rate regime of the past 12 months.

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Therfore, today’s gains in MTC seems to be more a sympathy bounce considering the overall banking sector. Earlier in March, MMTEC, Inc. (Nasdaq: MTC) declared that it will relocate its operations from Beijing to the Hong Kong Special Administrative Region, effective March 6, 2023. The Company’s subsidiary, MM Future Technology Limited, which is a Hong Kong incorporated limited company, will assume all operations previously conducted by its subsidiary, Gujia (Beijing) Technology Co., Ltd. However, Gujia will continue to carry out specific technical research and development functions. Further, the Company, through its subsidiary HC Securities (HK) Limited, and other entities, will continue to invest its human resources in asset management and securities underwriting, and other related businesses, aiming to attract global funds to invest in the Chinese market and support China’s economic growth. The Company’s new operations headquarters is located at Room 2302, 23rd Floor, FWD Financial Center, 308 Des Voeux Road Central, Sheung Wan, Hong Kong.

We will be updating on MTC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MTC.

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Disclosure: We have no position in MTC and have not been compensated for this article.

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