Business
Odyssey Group International Issues Statement Regarding Unauthorized Promotional Activity Involving its Common Stock
Odyssey Group International Issues Statement Regarding Unauthorized Promotional Activity Involving its Common Stock.
About this update from Odyssey Health Inc.
[{"type":"text","content":"IRVINE, CA / ACCESSWIRE / June 11, 2020 / Odyssey Group International, Inc. (OTCQB:ODYY) (the "Company" or "Odyssey"), a technology and asset acquisition company focused on developing unique, life-saving medical products, learned about certain promotional activity involving the trading of its common stock on June 9, 2020 when it was notified of such activity by OTC Markets ("OTC"). At that time, the Company was informed that promotional articles were published on the internet by a non-affiliated third-party source.The source of the promotional activity was two (2) online articles, by "MicroCapDaily" and "InsiderFinancial".The Company had no prior knowledge of the unauthorized promotional activity and neither the Company nor its officers or directors were involved with the creation or distribution of the promotional materials. Moreover, the Company had no editorial control over the content of the promotional materials. Apparently, the only affect the promotional activity had was to increase the trading volume for a day. There were no significant changes in trading price at or around the date of the promotional activity.There were certain factual statements in the promotional materials that were true; however, there were statements as to future events regarding the potential for market share gain and eventual revenues that we have no way of knowing if they will prove to be true or false. Therefore, we believe these statements could be misleading if the reader does not understand that the statements were not based on facts, but instead were based on predictions.After inquiry, the Company confirms that its officers, directors, material third party service providers and controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities), have not, directly or indirectly been involved in any way with the creation distribution or payment for the promotional materials, nor have they purchased or sold the Company's securities within the past 90 days.The Company encourages those interested in the Company to rely solely on information included in its press releases and its filings and disclosures made with the S.E.C. (through the EDGAR Database) and OTC Markets Group.The Company has issued convertible instruments which allow such securities to be converted t...