World Series of Golf, Inc. (OTCMKTS:WSGF) Rockets on High Volume: Now What?
By Tony Cross - Oracle Dispatch
Many stocks have recorded substantial gains in the market this week
so far, but one of the notable gainers has been World Series of
Golf, Inc. (OTCMKTS:WSGF).
After the company made a major announcement on Tuesday, the stock
surged impressively and managed to record gains of as much as
World Series of Golf, Inc. (OTCMKTS:WSGF)
announced on Tuesday that
it completed the acquisition of Vaycaychella and seeks to
take its business operations in a new direction altogether.
Vaycaychella is a relatively new company, having been
established in 2017 and is involved in the vacation rental space.
Specifically, the company is involved in connecting investors with
short term vacation rental owners through a peer to peer lending
According to the announcement made by WSG, this is a sector that
could grow substantially in the coming years. Industry leader
Airbnb has grown at a breakneck pace and is all set to have an IPO
that will value the company at $30 billion.
Chairman and CEO
Hence, it is easy to see why the
acquisition of Vaycaychella has created such optimism
around the WSG stock. After the completion of the acquisition,
William Justice, a managing director at Vaycaychella, has been
installed as the Chairman and Chief Executive Officer of WSG.
In addition to the potential of the peer to peer lending
business for short term vacation rental owners, the real reason
behind the massive rally in the WSG stock seems to be about the
changing direction of the company. The company has been working on
such a plan for a considerable period of time and the acquisition
marks the completion of the whole process.
The rally in the stock is likely going to bring the WSG
stock into focus among investors and market watchers
throughout the rest of the week. In such a situation, it could be a
good idea on the part of investors to keep an eye on it in the
Other movers include