VAYK Confirms Insider Buying at Open Market
ATLANTA, Nov. 5, 2024 /PRNewswire/ — Vaycaychella, Inc. (OTC Pink: VAYK) (“VAYK”) confirms today that certain individual with insider information of the company is buying its common stocks at the open market.
The company emphasizes that these open market transactions are personal decisions by certain individual, and do not represent the company’s official opinion. Neither do they constitute nor imply any public solicitation or offering of the company’s securities.
According to the company, the insider made the decision based on his perception of intensive short selling.
“According to data published by Financial Industry Regulatory Authority (FINRA), overwhelming majority of open-market trading of our common stocks are presented as short sales, “says Stephanie Anderl, Interim CEO of VAYK. “In many trading days, more than 90%, sometimes 100%, of the trading volume are presented as short sales. This trading pattern makes certain insider believes that our stock is likely underpriced.”
The individual also observed some trading patterns which seemingly reflect the intention of some traders. For example, some sell orders of the same or similar sizes had been posted very regularly, repeating at intervals of exactly 6 seconds, over a certain period of time.
However, the company has no knowledge of how long the individual will continue to buy stocks, or whether he will change his opinion about trading.
As far as the company understands it, insider buying is required to be disclosed to SEC, either immediately on Form 4 if the total trade volume exceeds $10,000, or periodically on Form 5 if the total trade volume does not exceed $10,000. Insider selling should be disclosed immediately no matter the size of transaction.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
VAYK Contact:
Contact@Vaycaychella.com
+1 470-804-7144
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SOURCE Vaycaychella, Inc.
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