Wayland Group (CSE:WAYL) (FRANKFURT:75M) (OTCQB:MRRCF) (“Wayland” or the “Company”) wishes to make the following statements regarding recent market activity in its common shares traded on the OTCQB marketplace.
The Company has been asked to issue this release by OTC Markets to comment on certain continued promotional activities beginning on or around October 1, 2018. The Company became aware of certain continued promotional activity relating to its securities on October 8, 2018 upon receipt of correspondence from OTC Markets specifically related to certain promotional literature encouraging investors to purchase the Company’s common shares and making certain statements regarding the potential returns on such investment, including certain promotional newsletter emails. Until being informed by OTC Markets of the promotional material, the Company was unaware of the promotional activity and remains unaware of the full nature of the promotional activity and the extent of the dissemination. It is difficult to determine what impact the promotional materials have had on the trading activity in the Company’s common shares but the Company believes that, if anything, such materials have had a negative impact on the trading activity of the Company’s common shares given the lower than average volumes experienced recently on the OTCQB marketplace.
Upon reviewing the content of the material, it appears that certain statements and claims made were taken from the Company’s website, historical press releases and other public documents, but the Company had no editorial control over the content of the material. Furthermore, there are statements made which encourage investors to purchase the common shares of the Company, which only express the view of the authors and the Company disclaims any potentially exaggerated or misleading statements contained in the material. In addition, the Company has determined that certain statements included in these publications related to the Company and Continue Reading