On February 7, 2012, Todd Hays resigned as President, Chief Executive Officer and Director of Game Trading Technologies, Inc. and Gamers Factory, Inc., effective February 7, 2012.

Effective February 02, 2012, Game Trading Technologies, Inc. changed its Pink Sheets LLC stock ticker symbol to GMTD.Q from GMTD.

On November 21, 2011, the board of directors of Game Trading Technologies, Inc. appointed Marc Weinsweig as Chief Restructuring Officer. Since 2010, he has served as CEO of WeinsweigAdvisors LLC. On November 21, 2011, the company entered into an agreement with WeinsweigAdvisors LLC, a company controlled by Mr. Weinsweig. Under the terms of the Agreement, the firm shall perform such services, within the Firm's area of expertise, as the Company or any of its subsidiaries may reasonably require from time to time. During the term of the Agreement, Mr. Weinsweig shall serve as Chief Restructuring Officer of the company. The agreement has an initial term through January 16, 2012. Pursuant to the Agreement, the company shall pay the firm $150,000 through January 16, 2012 in three equal installments on December 2, 2011, December 16, 2011 and December 30, 2011.

Game Trading Technologies, Inc. said the company intends to explore all strategic alternatives to maintain the business as a going concern, including, but not limited to, a possible sale or one or more other transactions that may include a comprehensive financial reorganization. For this purpose the company has appointed McGuireWoods LLP.

On 11/15/2011, Game Trading Technologies, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.