VAYK Restores OTCID Status after Resolving Non-Material Issues
Rhea-AI Summary
Vaycaychella (OTC Pink: VAYK) announced the restoration of its OTCID service by OTC Market Group, following the resolution of non-material disagreements. The service interruption, which lasted approximately two weeks, had caused some investors to experience difficulties in purchasing VAYK shares.
CEO Jason Armstrong confirmed that the resolved issues were purely clerical in nature and did not involve any security laws, regulations, or operational financial information. The OTCID status reinstatement is expected to take effect within 24 hours.
Positive
- Resolution of OTCID service issues with OTC Market Group
- Confirmation that issues were non-material and not related to securities laws or financials
Negative
- Recent two-week trading disruption affecting investor ability to purchase shares
- Lack of transparency regarding specific nature of disagreements with OTC Market Group
"In the past two weeks, OTC Market Group Inc., the private business providing price and liquidity information for over-the-counter(OTC) companies, stopped providing OTCID service to us due to disagreements over some non-material or clerical issues," explained Jason Armstrong, CEO of Vaycaychella."This resulted in a number of conveniences, including that some of our investors reported that they could not purchase our shares."
"We are happy to announce that all the non-material disagreements have been resolved, and OTC Market Group will restore their OTCID service to us immediately," said Armstrong.
The company didn't disclose which disagreements they had with OTC Market Group, but insisted that they were non-material or clerical, and did not concern any security laws or regulations, or any financial information about the company's operation.
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:
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SOURCE Vaycaychella, Inc.