YAYO - OTC: YAYO Investor Notice: Nov. 9th Deadline in Lawsuit for Investors in excess of $100000 in YayYo Inc. (OTC: YAYO) shares announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / October 27, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in YayYo, Inc. (OTC PINK:YAYO) shares.

Investors who have losses in excess of $100,000 from their investment in shares of YayYo, Inc. (OTC: YAYO) have certain options and there are short and strict deadlines running. Deadline: November 7, 2020. Those OTC: YAYO investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the Registration Statement the was filed in connection with YayYo's November 2019 initial public offering featured false and/or misleading statements and/or failed to disclose that the defendant El-Batrawi continued to exercise supervision, authority, and control over YayYo, and was intimately involved, on a day-to-day basis, with the business, operations, and finances of the Company, including assisting the Underwriter Defendants in marketing YayYo's IPO, that the defendant El-Batrawi never sold the 12,525,000 "Private Shares" and continued to own a controlling interest in YayYo despite the NASDAQ's insistence that he retain less than a 10% equity ownership interest in connection with the listing agreement, that the defendants promised certain creditors of YayYo that in exchange to their agreeing to purchase shares in the IPO - in order to permit the Underwriter defendants to close the IPO - YayYo would repurchase those shares after the IPO, tha the defendants intended to repurchase shares purchased by creditors of YayYo in the IPO using IPO proceeds, that the YayYo owed its former President, CEO, and Director a half of million dollars at the time of the IPO, that the YayYo owed SRAX, Inc. (formerly Social Reality, Inc.) $426,286 in unpaid social media costs, most of which was more than a year overdue as payment had been delayed while YayYo attempted to complete its IPO, and that as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased YayYo, Inc. (OTC: YAYO) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.