RideShare Rental, Inc, formerly YayYo, Inc, announces that its CEO has increased his common stock position in YAYO by 5,000,000 shares
YAYYO INC (YAYO)
Company Research
Source: GlobeNewswire
BEVERLY HILLS, Calif., Jan. 13, 2021 (GLOBE NEWSWIRE) -- RideShare Rental, Inc., formerly YayYo, Inc (“RSR” or the “Company”) (Other OTC:YAYO), which, acting through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, is a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced that its Chief Executive Officer, Ramy El-Batrawi, has increased his ownership position in YAYO common stock by five million (5,000,000) shares. Mr. El-Batrawi received these shares through an exchange transaction (valued at $3 a share for a total of $15,000,000) with RSR’s largest stockholder, the Gray Mars Venus Trust, Arizona 2015 (the “Trust”). The shares will be held as an asset of X, LLC, a Delaware limited liability company, of which Mr. El-Batrawi is managing member and Mr. El-Batrawi will have sole voting and dispositive power over the shares received from the Trust. Mr. El-Batrawi commented, “I feel our stock is undervalued at present. Given the Company
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