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Tuesday, November 05, 2024 5:14:37 PM
Sounds ridiculous tho, and the market doesn't care, or doesn't believe it.
that certain individual with insider information is buying its common stocks at the open market.
The company emphasizes that these open market transactions... do not represent the company's official opinion.
According to the company, the insider made the decision based on his perception of intensive short selling. (ME: LOL what a crock)
"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." (ME: referring to THIS?)
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.
The crime is in the PR, which has been couched in enough legalese to hide the intent from OTC newbs.
GLTA
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