WSGF Confirms Capital Structure And Highlights Near Term Growth Plans
November 19 2020 - 01:18PM
InvestorsHub NewsWire
Dallas, TX -- November 19, 2020 --
InvestorsHub NewsWire -- World Series of Golf, Inc. (USOTC:
WSGF) (“WSGF”)
today released a statement from the CEO Bill Justice in response to
recent shareholder inquiries regarding the company’s capital
structure. The statement included in its entirety below, also
highlights near term growth plans.
WSGF acquired Vaycacyhella earlier this year and
is currently in the process of changing its name to reflect its
recently
announced new business direction serving short-term rental
property owners and investors participating in the sharing economy
sector.

CEO Bill Justice
Statement
WSGF published its first press release last week
after completing the update of its public disclosures in accordance
with the rules and guidelines of OTC Markets. WSGF acquired
Vaycacychella, a business which is approximately three years old
serving short-term rental operators and
owners.
The
reaction to the first press release was a surprise to us.
When we published the release on November 10th, the
trading volume and share price appreciation was remarkable.
The trading volume was almost as remarkable the next day on
November 11th, though the share price pulled back the
second day.
Since that first release, the company continues
to receive a number of emails and calls in response to the market
reaction on November 10th and 11th which
largely involve a recurring question – “Is the capital structure
reported on OTC Markets correct?”
As
of this morning, we continue to receive emails and phone calls with
this same question. Accordingly, I decided this statement was
in order.
Yes, the capital structure information on OTC
Markets is correct. The company has 90 million shares
authorized and the issued and outstanding is 88 million
shares.
The
company has not issued shares in approximately 10
years.
The
trading volume last week on November 10th and
11th does not include any undisclosed new share
issuances.
Vaycaychella did merge with WSGF for the purpose
of gaining access to the investment market for publicly traded
companies. Toward that end, the authorized will be increased,
and new shares will be issued in conjunction with the company’s
intentions to form capital. We intend to make every effort in
the future to manage capital structure changes in conjunction with
capital formation to fund growth in a manner that fairly represents
the interest of both retail investors and investors working
directly with the company. When changes in the capital
structure take place, such changes will be promptly
disclosed.
While changes in capital structure may take
place in the relatively near future, there was no change last week
and no change as of the drafting of this statement. There was
and remains no undisclosed capital structure change. There
was and remains no undisclosed increase to issued and
outstanding.
We
acknowledge that the 300 million shares in trading volume over the
course of November 10th and 11th
substantially exceeds the authorized number of shares.
Accordingly, we recognize the motivation behind inquiring with the
company as to the accuracy of the information disclosed on OTC
markets. We hope this statement sufficiently addresses that
question.
We
all here at Vaycaychella remain enthusiastic about the prospects
for the company’s future. We expect to soon begin beta
testing our P2P app designed to app to connect short-term rental
property owners and investors within the sharing
economy.
The
P2P app stems from our experience building a pilot business
connecting short-term rental property owners and investors.
Vaycacychella currently has 10 client premium short-term rental
properties in the Caribbean under management as the result of a
long-term business relationship financing the acquisition and
restoration of the properties. We continue to expand upon the
pilot operation and expect to soon announce adding a new Caribbean
boutique hotel property.
We
are very excited about the attention that the impending Airbnb IPO
brings to the short-term rental market and the sharing
economy. We are optimistic that Vaycaychella’s growth
potential will be enhanced by the market attention generated by the
Airbnb IPO.
Thank you for your interest in
Vaycaychella.
To
learn more and keep up with the latest updates, visit
https://www.vaycaychella.com/.
At the company website, you will find a blog with frequent industry
publications on the short-term rental market in general, as well as
entries specific to Vaycaychella.
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.
WSGF Contact:
William “Bill” Justice
bill@vaycaychella.com
(800) 871-0376