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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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BioPharma

Advancing Medical Frontiers: Elutia Inc.’s(NASDAQ: ELUT) Strategic Vision in a $600 Million Market

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Elutia Inc (NASDAQ: ELUT) shares bolstered a whopping 33% today as the company recently shared that they’ve secured about $10.5 million in funding through a private investment round. If all the warrants are cashed in as part of this funding, the total could go up to $26.2 million.

Latest Changes:

Just last week, Aziyo Biologics changed its name to Elutia Inc. Following this change, Elutia made an announcement about selling its Orthobiologics business unit to Berkeley Biologics, a subsidiary of GNI Group Ltd. This move is set to bring in a substantial amount of cash, totalling up to $35 million for Elutia. This sum includes a notable upfront payment of $15 million, plus additional potential earnings of up to $20 million over five years. The deal is expected to be finalized in the fourth quarter of 2023.

This sale is a big step for Elutia, especially in the realm of drug-eluting biomatrix technology (DEB). Elutia is actively seeking approval from the FDA for their main product, CanGaroo RM. This product utilizes innovative biomatrix technology with antibiotics rifampin and minocycline (RM), providing long-term protection for cardiac pacemakers and defibrillators. This tackles a huge market estimated to be worth around 600 million. Elutia is aiming to introduce CanGaroo RM to the market in the first half of 2024.

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Standard Of Care:

Medtronic (NYSE: MDT) stands as the exclusive provider of the antibiotic envelope within the current market. This envelope is crafted using synthetic mesh infused with antibiotics. Back in 2014, Medtronic acquired this technology, making a strategic investment of up to $200 million. Primarily intended for Cardiac Implantable Electronic Device (CIED) revision procedures, this product boasts estimated annual sales in the range of $250 to $300 million.

However, despite its market presence and revenue generation, the Medtronic antibiotic envelope has notable limitations. While it effectively combats infections, its synthetic composition renders it less effective in supporting wound healing. Moreover, it poses challenges in accommodating larger devices like Subcutaneous Implantable Defibrillators (SCID).

Drug-eluting biomatrix (DEB):

Drug-eluting biomatrix (DEB) involves a specialized approach to drug delivery using a biomatrix as a carrier or platform. In simple terms, it’s a technique where a biomaterial matrix, often a biocompatible polymer or similar substance, is used to release drugs in a controlled and targeted manner.

The biomatrix acts as a support structure that can hold and gradually release drugs or therapeutic agents at a specific site in the body, typically over an extended period. This is particularly useful in medical applications where a localized and sustained delivery of medication is necessary.

For instance, in the context of Elutia’s CanGaroo RM, a biomatrix incorporating antibiotics rifampin and minocycline is used to provide prolonged protection for cardiac pacemakers and defibrillators. The biomatrix slowly releases these antibiotics at the surgical site, preventing infections and promoting healing.

DEB technology is gaining traction because it enhances treatment efficiency by ensuring the drug is delivered directly to the target area, minimizing side effects, and optimizing therapeutic outcomes. It’s a promising approach in the field of medical advancements, especially in areas like cardiology, oncology, and orthopedics.

Post-mastectomy Breast Reconstruction:

On top of this, the company also has plans to develop an RM version of its SimpliDerm biomatrix tailored for breast reconstruction procedures. The rate of infections after this surgery is quite high, more than 10%, highlighting a big medical need in a market valued at over $500 million. Elutia is stepping up to address this issue by developing SimpliDerm® RM, which incorporates their unique DEB technology. The funds raised through the private investment round (PIPE) and the sale of the Orthobiologics business unit will not only boost Elutia’s efforts in advancing their drug-eluting biomatrix products for the cardiac pacemaker and defibrillator market, but also for post-mastectomy breast reconstruction.

What’s next:

As mentioned earlier, their biomatrix platform serves two major markets. CanGaroo RM, their upcoming product, is slated for a 1H of 2024 market release and is poised to be a pioneer in a $600 million market. Furthermore, their SimpliDerm RM product utilizes the same proprietary antibiotic-eluting technology found in CanGaroo RM, which serves a 1.6B market according to their presentation deck. They aim to secure an IDE by Q4 2024, and upon achieving these milestones, they plan to venture into neurostimulator markets, particularly in pain management, to further drive their growth.

We will update you on ELUT when more details emerge, subscribe to Microcapdaily to follow along!

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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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FingerMotion, Inc. (NASDAQ: FNGR): A Closer Look at its 500% Surge

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FingerMotion, Inc. (NASDAQ: FNGR) continues to gain traction in recent months,  gaining over 500% since June 9th, 2023 this year. If you’re reading this now, you’re likely eager to understand the reasoning behind it. Based on their latest announcements, there are no dramatic changes fundamentally to warrant such price action. Yet their stock continues on a significant upward trend. From what we’ve seen, it appears to be the force of retail investors banding together to combat against manipulation, potentially creating the ultimate short squeeze.

Thoughts from Retail:

As per retail investors and a notable Twitter user known as HAMShortkiller, there is widespread concern regarding potential manipulation within FingerMotion. The chair of the U.S. securities stock exchange, Gary Gensler, is facing increasing criticism from investors who assert that the SEC tends to overlook white-collar crime allegations. To see what the fuss is all about, feel free to look into this video Kristen Shaughnessy shared on Twitter.

A lot of the commotion is around stock manipulation and malpractice by notable hedge funds. One user, BigC commented on the post above, “$40BB shock to the system. At what point does Jefferies realize they aren’t stopping the $FNGR deluge & mitigate losses? Or do they just roll over & become a Melvin Capital & let themselves implode? Unlike Melvin-there won’t be any Citadel to write them a $10BB check”.

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To better your understanding of fundamental tactics, we’ve provided a brief overview below. Naturally, no investor tolerates manipulation. The AMC and GME events were an initial testament to the strength of retail investors and their determination to resist such actions. Although early stage, it appears FingerMotion is following a similar trend, and more hedge funds could be in for a rude awakening as more investors join in on the retail army.  

The SEC on its way to protect retail investors
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Before we jump into the tactics, it’s important to note that HAMShortkiller also shared a post about previous malpractice back in 2009, which highlights the story behind Rocker Partners and Overstock.com (NASDAQ: OSTK). There’s an important Vimeo at the bottom of the article, explaining all the major details of what happened and how these practices work. While this article is from over a decade ago, the user suggests some of the exact same practices are happening today with FingerMotion. Practices such as a “Bear raid“.

Exploring Stock Manipulation Tactics:

Hedge funds have a bag full of short shares at their disposal, letting them play with a stock’s price using tactics like short-ladder attacks. They go heavy on borrowed shares to bet against stocks, especially when the demand is high, stirring the stock prices. Strangely, these moves aren’t illegal or firmly tackled by the SEC yet, raising eyebrows on their potential manipulation.

Bear Raid:

Short sellers can strategically utilize both traditional media and online discussion platforms to spread negative narratives about the target company. Through leaked information to journalists, bloggers, and discussion boards, they aim to create a broad negative image.

This orchestrated use of media is geared towards sowing doubt and fear among investors, employing sensational headlines, speculative reports, and exaggerated claims to induce panic selling and drive down the stock price.

Social media platforms play a crucial role in rapidly amplifying these negative narratives. Short sellers and their networks leverage these channels to spread rumors, creating a chain reaction of panic selling and significant stock price volatility.

The collaboration between short sellers and the media seeks to fulfill a prophecy of fear, prompting sell-offs that benefit the short sellers. It’s essential for investors to critically evaluate information, considering multiple reliable sources, and to be discerning of sensationalized narratives, particularly those propagated on online discussion platforms. Verifying information from credible sources is vital to avoid falling prey to orchestrated attempts to manipulate stock prices for personal gain.

Off Exchange Trading:

Hedge funds and market makers engage in off-exchange trading, allowing them to trade and swap stocks on foreign exchanges without the need for price disclosure. This practice involves manipulating the circulating supply by not accurately reporting transactions, a significant challenge the SEC is working to tackle. Despite efforts to introduce D-Limit orders for enhanced transparency, hedge funds and market makers present resistance.

Naked Shorting:

Stocks like $AMC and $GameStop have experienced an abundance of failure-to-deliver (FTD) orders, often a result of ‘short parties’ lacking the underlying asset. Retail investors have highlighted the presence of synthetic shares, known as naked shares, in the market. Naked shorting, though made illegal after the 2008–09 financial crisis, persists due to regulatory gaps and discrepancies between trading systems. The mainstream exposure of this practice raises concerns, emphasizing the need for retail investors to address these issues with the SEC.

A Community Against Market Manipulation:

We’re continuing to see efforts to expose malpractices in the stock market. Community members like HAMShortkiller are all over social media, shedding light on manipulation tactics driven by hedge fund partners. It’s refreshing to see investors sharing factual and positive articles regarding a stock’s performance or analytics. It’s clear the investing community aims to stay informed and united against market manipulation once and for all. 

The latest movie release, “DumbMoney” is a great example of the hysteria that occured a short time ago, but some claim it’s only the beginning. According to Stephmase22 off Twitter, nothing has changed to prevent the same kind of market manipulation that happened with AMC and GME. She’s insinuating the same kind of manipulation is happening here with FNGR and that it must be stopped.

The general idea is that if the SEC won’t take action, then the folks who are getting the short end of the stick will step up, by short squeezing the players behind the manipulation.

We will update you on FNGR when more details emerge, subscribe to Microcapdaily to follow along!

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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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Navigating the Green Wave: US Cannabis ETF (NYSE: MSOS) A Closer Look at Cannabis Stock Resurgence

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AdvisorShares Pure US Cannabis ETF (NYSE: MSOShas been making big waves this month, boasting over 100% gain since August 29th. This ETF offers a way to tap into the thriving U.S. cannabis industry, featuring a range of well-known companies like Green Thumb (OTC: GTBIF), Verano (OTC: VRNOF), and Cresco Labs (OTC: CRLBF). There are of course many other companies involved in the ETF, if you care to look at all of them here’s a link to more information.

Cannabis ETF:

Typically, a cannabis ETF like MSOS comprises a diversified portfolio of publicly traded companies involved in various aspects of the cannabis industry within the United States. This could include companies engaged in: Cultivation and production, retail and distribution, pharmaceuticals and biotechnology, hemp/CBD, testing/compliance, and companies that provide services and products related to the cannabis industry.

Prior to September, most Cannabis stocks went going through a tough time. They weren’t growing as fast as everyone hoped or expected, and some companies are drown in debt, which caused their stock prices to drop significantly. But towards the end of August, things started looking up. U.S. multi-state cannabis companies saw their stock prices jump by a noticeable 40% to 50%. Even Canadian cannabis companies had a rise ranging from 20% to 30% without directly benefiting from the potential regulatory changes in the US.

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Regulatory Change:

This newfound optimism came from some good news. The U.S. Department of Health and Human Services suggested to the Drug Enforcement Agency (DEA) that cannabis should be moved from the highly restricted Schedule I category to the less strict Schedule III. Currently, cannabis is lumped with substances like heroin and ecstasy in Schedule I, indicating a high chance of abuse and no recognized medical value. Shifting to Schedule III would mean it’s seen as less dangerous, less likely to be abused, and having some medical benefits. This change could bring significant advantages for U.S. multi-state operators (MSOs), like paying regular taxes, easier banking access, and a chance to be listed on major U.S. stock exchanges. However, the DEA needs to do its review before finalizing this decision. In the world of MSOs, companies like Curaleaf and Green Thumb are in a good position to benefit from this change and are well-respected in the market. On the flip side, Canadian cannabis companies (LPs) are not likely to benefit as much due to their limited operations in the U.S. Nevertheless, we think Tilray and Cronos have promising growth potential with balanced risks.

Positive trends:

On a related note, the cannabis industry is seeing another positive trend this week, and many cannabis stocks are rising with the tide. Notably, Canopy Growth (NASDAQ: CGC), a big player in this field, saw a significant bump in its stock price due to upbeat predictions from financial analysts. Similarly, other marijuana companies like Aurora Cannabis (NASDAQ: ACB), Cresco Labs (OTC: CRLBF), and Curaleaf (OTC: CURLF) experienced noticeable increases in their stock prices. The main driving force behind these hikes seems to be the encouraging price forecasts set by financial analysts.

After Canopy Growth revealed plans to file bankruptcy for its BioSteel dietary supplements business, two financial firms, TD Cowen and Bank of America, adjusted their price targets for Canopy Growth. This strategic move was aimed at cutting losses and reducing cash burn. While TD Cowen sees this as a positive step that could boost Canopy Growth’s stock, Bank of America is more cautious, suggesting that the stock might be valued too high and maintaining a sell rating.

Even though there have been some positive strides in the cannabis industry, like potential ease in regulations and smarter financial strategies by companies like Aurora Cannabis and Canopy Growth, there’s a concern that the recent surge in stock prices may have already factored in this good news. Over the last month, these marijuana stocks have soared, raising questions about whether the current stock prices truly reflect the positive news or if they’ve been inflated. Some notable banks share this concern, suggesting that the stocks, especially Canopy Growth, might already be priced too high.

What’s Next:

Overall, we’re starting to see a lot more news around the safe banking act and investor optimism. This latest coverage from NBC News was another great update that brings us closer to an idea of what could happen at the end of the month. According to the article, both Republicans and Democrats support this bill, and it’s expected to have enough backing to pass in the Senate. The push for this reform is driven by concerns over safety and a desire to treat cannabis businesses as legitimate entities. While challenges and differing opinions remain, progress is being made toward a more cohesive approach to cannabis regulation at the federal level.

We will update you on MSOS when more details emerge, subscribe to Microcapdaily to follow along!

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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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