As of yesterday,
The registration statement that was voluntarily terminated by the Company called for a total of 187,500,000 shares to be sold within a range from
John V Whitman Jr., the Company CEO had this to say, “The Company has relied upon Regulation A sales to fund the Company during its startup phase. Regulation A is both a blessing and a curse. It’s a blessing for two reasons: (a) it provides a vehicle to get shares in the public float and allows for a vigorous trading market, and (b) it allows Companies who would not qualify for traditional bank financing to have a resource to generate equity capital. The curse is (a) dilution to shareholders and (b) the loss of confidence from the investing public who has to constantly guess when will the dilution end.”
Whitman continued by saying, “Voluntarily terminating the Reg A is the most positive and impactful move in our short history. My goal from the beginning was to keep the total issued and outstanding below 250,000,000 shares and fund the Company future growth using a combination of revenue generation and debt. We have met those goals.
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About GTOR
Forward-Looking Statements. This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook” or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections as well as our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of
For Additional Information Contact:
John V Whitman Jr.,
John@GGToorcorp.com
https://GGToorcorp.com/
https://GGToor.com/home.php
Source:
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