WSGF - A New Airbnb Satellite Tech Company With Trajectory Potential Fueled By 100M Share Short Squeeze
November 18, 2020 -- InvestorsHub
NewsWire -- via Paul Martin
- pennymillions/WSGF -- An
old OTC public company, World Series of Golf, Inc. (OTC:
WSGF) acquired a new company, Vaycaychella, LLC and last week
revealed details on the new business for the first time since
achieving its current information credentials with OTC Markets.
Vaycaychella has launched a short-term vacation rental business
that connects individuals looking to acquire and operate vacation
prosperities with investors outside the traditional banking market
to back the acquisition and operation.
Vaycaychella has its first handful
of short-term vacation properties already in house and is launching
a peer2peer application to grow the business.
When the company made its first
announcement last week on Tuesday November 10th,
it seemed to strike a chord within the overall enthusiasm
surrounding the coming Airbnb IPO. The stock price increased
dramatically from $0.006 to $0.03 trading nearly 200 million shares
in volume for the day.
The volume is particularly
remarkable because the company only has 88 million shares issued
and out. In fact, the company only has 90 million shares
authorized. It’s hard to believe the entire issued and
outstanding turned over more than twice in one
The next day, on Wednesday,
November 11th, the company traded more than its issued
and outstanding again reaching 100 million shares in trading
volume. The PPS pulled back the second day closing at
Again, a trading volume of over
300 million shares in 2 days on a company with only 90 million
shares issued and out is remarkable. One might say
According to the short sales data
reported by FINRA, over 100 million shares of the were short
sales. The current short position stands at over 130 million
shares – more than 40 million shares than the company has
A high percentage of the daily
trading volume since the Tuesday and Wednesday trading days last
week continues to include short sales. The perpetuating short
sales are likely a tactic to hold back another PPS run while the
short sales are covered.
But wait … there are more short
sales than there are shares. Covering that short position is
going to be a trick.
This short sale likely comes from
an overzealous market maker that is exempt for Reg SHO short sale
rules. Nevertheless, the market maker will have to cover and
probably wants to do so before a regulator asks how is shorting
more than the issued and outstanding deemed a sound “market making”
If WSGF’s sex appeal as an Airbnb
IPO satellite beneficiary continues and fuels demand again similar
to last Tuesday, massive short covering could put kick in a major
afterburner boost to the PPS.
SOURCE: Paul Martin